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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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Trump and Netanyahu Prepare for High‑Stakes Talks on Gaza Strategy

US President Donald Trump gestures next to Israeli PM Benjamin Netanyahu at Ben Gurion International Airport in Lod, Israel.

U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu are set to meet at Mar‑a‑Lago to discuss the next phase of the Gaza plan, a pivotal moment as both sides navigate a fragile and evolving ceasefire framework.

The first stage of the plan has focused on reducing hostilities, securing the release of hostages, and coordinating limited Israeli withdrawals. While the ceasefire has largely held, progress toward the next phase has slowed, raising concerns about long‑term stability.

The upcoming discussions are expected to center on the more complex second phase, which involves questions about Gaza’s future governance, security arrangements, and the role of regional partners. Trump is aiming to accelerate momentum and reinforce U.S. leadership in shaping the post‑conflict landscape, while Netanyahu is expected to emphasize Israel’s security priorities and the broader regional threat environment.

The meeting underscores the high stakes surrounding Gaza’s future and the delicate diplomacy required to move the process forward.


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