Today's 10-minute briefing: the US announces a plan to blockade the Strait of Hormuz and toll commercial ships, sending shockwaves through global energy markets. Meanwhile, a sharp tech selloff hits SK Hynix, Samsung, and AMD as investors question whether the AI boom has outrun its returns. Plus, Citigroup and Wells Fargo report Q2 earnings as Wall Street watches for cracks in consumer credit.

In this episode:

• US plans to blockade the Strait of Hormuz and charge ships for passage — why a fifth of the world's oil supply is at risk
• Tech stocks tumble as SK Hynix, Samsung, and AMD lead an AI-doubt selloff; the Philadelphia Semiconductor Index drops over 4%
• Citigroup and Wells Fargo earnings test the banking sector after JPMorgan's credit-default warning
• Market Pulse: Dow, Nasdaq, S&P 500  ...