US military strikes in the Gulf are making headlines, but the immediate structural threat to the global economy is a 90% plunge in Strait of Hormuz shipping that threatens to embed massive risk premiums into worldwide supply chains. Meanwhile, the enterprise AI boom faces a critical near-term bottleneck as the US weighs quota-tied tariffs on semiconductor imports, threatening hardware costs years before domestic factories come online. • Gulf Shipping Crisis: Strait of Hormuz commercial transit plummets 90% following US strikes on Iranian positions and naval mine incidents, trapping massive oil tankers. • AI Hardware Bottleneck: Proposed US quota-tied tariffs on semiconductor imports threaten to squeeze enterprise capital expenditure plans while CHIPS Act factories remain 3-5 years away. • Stripe’s Private Strategy: The fintech giant delays its high ...