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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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UN Warns Israel’s Gaza Food Aid Blockade Could Be a War Crime

The United Nations human rights office has issued a strong warning that Israel’s deliberate obstruction of food aid to Gaza may amount to a war crime. The statement comes amid ongoing reports of widespread hunger and a worsening humanitarian crisis in the besieged Palestinian enclave.

According to the UN, credible information indicates that Israeli authorities have systematically restricted the entry of essential supplies, including food and medical aid, into Gaza. “Wilfully impeding humanitarian relief supplies, in violation of international law, could constitute a war crime,” said Ravina Shamdasani, spokesperson for the UN High Commissioner for Human Rights.

The UN also pointed to mounting evidence of famine-like conditions in northern Gaza, exacerbated by Israeli military operations and bureaucratic hurdles that have blocked or delayed humanitarian convoys.

Israel has defended its policies by citing security concerns and the need to prevent aid from falling into the hands of Hamas. However, international organizations, including the World Food Programme and multiple NGOs, have warned that these restrictions are costing civilian lives.

The UN’s statement adds pressure on the international community to hold all parties accountable and ensure the free flow of humanitarian assistance into Gaza.

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