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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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Rising Tensions: Israel's Airstrikes in Southern Lebanon Spark Concerns

In a significant escalation, Israel launched dozens of airstrikes on southern Lebanon, marking one of its most intense bombardments since the ceasefire that ended last year's conflict with Hezbollah. The Israeli military stated that the strikes targeted Hezbollah infrastructure in the region, though the group has previously claimed to have withdrawn its forces in accordance with the U.S.-brokered truce.

Lebanon's Health Ministry reported at least one fatality and eight injuries as a result of the attacks. Thick plumes of smoke were seen rising from the Nabatieh district, approximately 12 kilometers from the border, where the strikes were concentrated. The ceasefire agreement had stipulated that neither Hezbollah nor any other armed group should maintain weapons in areas near the border, yet both Lebanon and Israel have accused each other of failing to fully implement the deal.

The latest strikes come amid ongoing tensions, with Israel continuing to conduct airstrikes in southern Lebanon on a regular basis despite the ceasefire. The Lebanese government has condemned the attacks, warning that they could destabilize the region further. As the situation unfolds, international observers are closely monitoring developments, fearing that renewed hostilities could lead to a broader conflict.



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