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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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Hamas Releases Video of Two Israeli Captives Held in Gaza

 

Hamas, the militant group in Gaza, has published a video showing the first proof of life of two hostages being held: Keith Siegel, a 64-year-old American-Israeli citizen, and Omri Miran. In the undated footage, Mr. Miran states that he has been held captive for 202 days, while Mr. Siegel mentions the Passover holiday, suggesting the clips were filmed recently.

Mr. Siegel was kidnapped along with his wife Aviva on October 7. Aviva was freed in November during a brief truce, but at that time, she did not know if Keith was still alive. The Hostages Families Forum Headquarters confirmed that the Siegel and Miran families are aware of the latest video. This proof of life is the clearest evidence that the Israeli government must do everything to approve a deal for the return of all the hostages.

The video comes after another proof-of-life video released earlier in the week, showing Israeli-American hostage Hersh Goldberg-Polin, who lost his lower left arm during Hamas’s attack on southern Israel in October.

In the video, both Mr. Siegel and Mr. Miran urge the Israeli government to agree to a deal with Hamas for a ceasefire and the release of hostages. However, weeks of indirect negotiations have failed to produce an agreement. Hamas has previously insisted that any deal should include a permanent end to the war, full Israeli military withdrawal from Gaza, and unrestricted return of displaced people to their homes. Meanwhile, Israel maintains its stance that it must destroy Hamas in Gaza and free the hostages.

Despite warnings of potential humanitarian consequences, Israel appears to be moving ahead with plans for an offensive in Rafah, southern Gaza, where 1.5 million displaced Palestinians are sheltering.



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