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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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Former Norwegian PM Thorbjørn Jagland Hospitalised Amid Intensifying Epstein-Linked Corruption Probe

 

                                            Norwegian Nobel Committee Chairman Thorbjoern Jagland

Former Norwegian Prime Minister Thorbjørn Jagland has been hospitalised following what multiple media outlets describe as an apparent suicide attempt, occurring just days after he was formally charged with aggravated or gross corruption connected to his past ties with the late financier Jeffrey Epstein. Reports from Norwegian and international outlets indicate that Jagland, 75, was admitted to an undisclosed medical facility, where his condition is described as serious. 

Authorities in Norway recently launched a corruption investigation after documents from the U.S. Justice Department suggested that Jagland and members of his family had visited Epstein’s properties between 2011 and 2018. Police also searched Jagland’s properties as part of the probe. 

Jagland, a former Nobel Peace Prize Committee chair and Secretary General of the Council of Europe, has not publicly commented since the charges were announced. Media reports note that details surrounding his medical treatment remain undisclosed, and officials have not confirmed further 

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