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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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Washington Pressures Kyiv With Threats to Halt Military Aid

 

People stand at a makeshift memorial for the victims who were killed when a Russian missile hit an apartment building on Wednesday, , in Ternopil, Ukraine.

The United States has reportedly escalated pressure on Ukraine by threatening to cut off intelligence sharing and weapons supplies unless Kyiv agrees to the framework of a U.S.-brokered peace deal. According to sources familiar with the matter, Washington has presented Ukraine with a 28-point plan that aligns with several of Russia’s demands, including requiring Kyiv to cede additional territory, reduce the size of its military, and abandon aspirations to join NATO.

The move marks the most intense pressure Ukraine has faced from Washington during the war. U.S. officials are said to be pushing for Ukraine to sign the framework by next Thursday, signaling a desire to bring the conflict to a close even if it requires significant concessions from Kyiv. One source noted bluntly, “They want to stop the war and want Ukraine to pay the price.”

A delegation of senior U.S. military officials recently met with President Volodymyr Zelenskyy in Kyiv to discuss the proposal. While Zelenskyy has not outright rejected the plan, he has reportedly been cautious in his response, balancing the need to maintain U.S. support with the risk of alienating allies in Europe who may oppose such concessions.

The plan has sparked concern among Ukrainian officials and observers, who fear that accepting it could undermine Ukraine’s sovereignty and embolden Russia. Critics argue that forcing Kyiv into concessions under threat of losing military support risks destabilizing the region further, while supporters of the U.S. approach insist that ending the war—even through compromise—is a priority.

This development underscores the fragile balance between military support and diplomatic pressure in the ongoing war, raising questions about how far Washington is willing to go to secure a peace deal and whether Ukraine can withstand the mounting pressure without fracturing its alliances.


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