Skip to main content

Featured

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 ...
Post a Comment
Read more

article

Labels

Global Airlines Halt Middle East Flights Amid Escalating US‑Israel Strikes on Iran

 

                                         Flight maps showed the airspace over Iran virtually empty.


Global air travel across the Middle East faced major disruption on Saturday as airlines suspended or rerouted flights following coordinated US and Israeli strikes on Iran. The sudden escalation left vast stretches of regional airspace—including Iran, Iraq, Kuwait, Israel, and Bahrain—nearly empty as authorities closed or restricted flight paths for safety. 

Flight maps showed Iran’s skies virtually deserted after Israel confirmed strikes inside the country and the US launched additional attacks on Iranian targets. Iran responded with missile salvos, further heightening tensions and prompting carriers worldwide to halt operations across one of the busiest aviation corridors linking Europe and Asia. 

Airlines cited passenger and crew safety as their primary concern, with many announcing cancellations, suspensions, or significant route changes. The closures have rippled across global travel networks, affecting long‑haul flights that typically rely on Middle Eastern airspace for efficient routing. 

The renewed confrontation has dimmed hopes for diplomatic progress on Iran’s nuclear dispute and raised fears of prolonged instability in the region. As airspace restrictions continue, airlines are monitoring the situation closely and adjusting schedules in real time.

Labels:

Comments

Post a Comment