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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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European Powers Decry Threats Against IAEA Chief Amid Rising Nuclear Tensions

Britain, France, and Germany have jointly condemned what they described as threats against Rafael Grossi, Director General of the International Atomic Energy Agency (IAEA), following inflammatory rhetoric in Iranian media. The condemnation comes after Iran’s hardline Kayhan newspaper accused Grossi of espionage and called for his execution, a move that has sparked international concern.

In a unified statement, the three European nations reaffirmed their support for the IAEA and urged Iran to ensure the safety of its personnel. They also called on Tehran to resume full cooperation with the agency, in line with its obligations under the nuclear Non-Proliferation Treaty.

Tensions have escalated in the wake of Israeli and U.S. airstrikes on Iranian nuclear facilities, which Iran claims have compromised its ability to guarantee the safety of international inspectors. Iranian officials argue that the IAEA’s failure to condemn these attacks undermines its neutrality.

The situation underscores the fragile state of nuclear diplomacy in the region, with European leaders pressing for de-escalation and renewed dialogue.

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