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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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Mass Arrests in London Amid Palestine Action Protest as Global Eyes Turn to Putin-Trump Peace Talks

 

In a dramatic show of force, Metropolitan Police arrested 474 individuals during a mass protest in Parliament Square against the UK government's recent ban on the activist group Palestine Action. The demonstration, organized by Defend Our Juries, saw hundreds of participants unveil placards reading “I oppose genocide. I support Palestine Action”, directly challenging the July proscription of the group under the Terrorism Act 2000, which criminalizes support and membership with penalties of up to 14 years in prison.

Among those arrested were NHS workers, elderly citizens, and even a blind wheelchair user, highlighting the protest’s broad demographic reach. Amnesty International condemned the arrests as “deeply concerning,” arguing that peaceful demonstrators were being treated as terrorists.

Meanwhile, international attention is shifting to Alaska, where U.S. President Donald Trump is set to meet Russian President Vladimir Putin on August 15 for high-stakes talks aimed at brokering a ceasefire in Ukraine. Trump has floated the idea of “territory swapping” as part of a potential peace deal, a proposal swiftly rejected by Ukrainian President Volodymyr Zelensky, who insists Ukraine will not cede land to Russia.

European leaders have voiced cautious support for the summit, emphasizing that any resolution must protect Ukraine’s sovereignty and include Kyiv in the negotiations. The upcoming meeting marks the first U.S.-Russia presidential summit since 2021 and could reshape the trajectory of the war in Ukraine.

As London grapples with domestic unrest over civil liberties, the world watches closely to see whether diplomacy in Alaska can deliver peace—or deepen divisions.

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