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Weekly Market Snapshot: Mideast Tensions and Chip Selloff Rattle Global Markets (July 13–17)

  Week of July 13–17, 2026 It was a rough week to be a tech investor and a good week to own oil. Escalating conflict between the US and Iran pushed crude sharply higher and rattled global markets, while a fresh wave of selling in semiconductor stocks dragged US and Asian indices lower. Closer to home, the Bank of Canada held its key rate steady, and the TSX—less exposed to chipmakers—held up noticeably better than its US and Asian peers. Here’s how the week broke down across every major market, and what it means for your wallet. 🇨🇦 Canada: TSX Day Close Change Mon, Jul 13 35,252.72 -0.15% Wed, Jul 15 (BoC day) 35,416.20 +0.27% Thu, Jul 16 35,340.15 -0.21% Fri, Jul 17 ~35,262 -0.22% Week total (Fri-to-Fri) — ~flat (about -0.1%) The TSX had a choppy but ultimately quiet week compared with its global peers. Monday's session opened with the Strait of Hormuz blockade headlines and closed lower. Wednesday brought a relief rally after the Bank of Canada's rate hold, with financials ...
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Gaza Aid Crisis: Soup Kitchens Shut Down Amid Israeli Blockade

The humanitarian crisis in Gaza has deepened as World Central Kitchen, a leading aid organization, announced the closure of its community soup kitchens due to Israel’s ongoing blockade. The kitchens, which had been serving 133,000 meals per day and baking 80,000 loaves of bread, have run out of food supplies, leaving thousands without access to daily sustenance.

The blockade, imposed by Israel on March 2, has severely restricted the flow of humanitarian aid into Gaza, exacerbating food shortages and malnutrition. Aid agencies warn that the situation is pushing the population toward starvation, with nearly 10,000 children already treated for acute malnutrition this year.

José Andrés, the founder of World Central Kitchen, expressed frustration over the stalled aid deliveries, stating that trucks loaded with food and supplies are waiting in Egypt, Jordan, and Israel, but cannot enter Gaza without permission. The Israeli defense body overseeing aid has indicated that the blockade will remain in place unless government policy changes.

The shutdown of soup kitchens marks another devastating blow to Gaza’s war-battered population, as bakeries close and water distribution grinds to a halt due to fuel shortages. Rights groups have condemned the blockade as a “starvation tactic”, calling for immediate humanitarian intervention.

With no clear resolution in sight, the people of Gaza continue to face worsening conditions, relying on dwindling resources and international pressure to ease the blockade.

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