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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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Perilous Deliveries: Gaza Aid Drivers Risk Lives Amid Chaos and Desperation

 


                                                    Palestinians struggle to get food and humanitarian aid from
                                                    the back of a truck as it moves along the Morag corridor near Rafah


Gaza's Aid Lifeline Under Siege

As Gaza plunges deeper into humanitarian crisis, aid truck drivers are facing unprecedented dangers while attempting to deliver life-saving supplies. With hunger intensifying across the region, desperate civilians and armed gangs have turned aid convoys into battlegrounds.

Chaos on the Roads

  • Drivers report being overwhelmed by crowds who rip boxes off moving trucks.
  • Armed gangs hijack vehicles, reselling aid at exorbitant prices in local markets.
  • Israeli troops have fired into chaotic scenes, adding to the peril.

Deadly Consequences

  • Several drivers have been killed in the mayhem.
  • The breakdown of law and order, exacerbated by the disbandment of Hamas-run police, has left convoys vulnerable to looting and violence.

Aid Blocked Before It Reaches the Needy

  • Convoys often fail to reach distribution centers, especially in northern Gaza, where famine looms.
  • Airdrops and sea routes have been attempted, but they fall short of meeting the population’s needs.

A System on the Brink Despite international pressure prompting Israel to allow more aid into Gaza, the journey from border crossings to those in need remains fraught with danger. Aid workers and drivers alike warn that without secure delivery mechanisms, relief efforts may collapse entirely.


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