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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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Israeli Military Operation in Jenin: Six Dead, Dozens Wounded

In a significant escalation of tensions, a major Israeli military operation in the occupied West Bank city of Jenin has resulted in the deaths of at least six individuals and left dozens wounded, according to Palestinian health officials. The operation, which began on Tuesday, was described by the Israeli military as a "significant and broad military operation" targeting Palestinian militants.

The city of Jenin has been a focal point of repeated Israeli incursions and gun battles with militants over the years. This latest operation comes just days into a fragile ceasefire between Israel and Hamas in Gaza, which is intended to last for six weeks and includes the release of hostages and prisoners.

The Palestinian Health Ministry reported that more than 800 people have been killed in Israeli raids in the West Bank since the outbreak of the Israel-Hamas war. The operation has drawn condemnation from Hamas and other militant groups, who have called for increased resistance against Israeli forces.

The situation remains volatile, with ongoing violence and a complex political landscape. The international community continues to monitor the developments closely, hoping for a peaceful resolution to the conflict.







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