A tentative ceasefire in the Middle East hasn't stopped a new kind of crisis, as London insurers effectively freeze the flow of oil through the Strait of Hormuz via a "bureaucratic blockade." Meanwhile, the race for AI dominance is hitting a physical wall, prompting Amazon to secure a massive 20-year nuclear energy moat and Broadcom to drop $8 billion to become the indispensable toll bridge for data centers. • London insurers suspend war-risk coverage in the Strait of Hormuz, stranding millions of barrels of oil and spiking Brent crude above $92 a barrel. • Amazon Web Services signs a 20-year agreement to develop three small modular nuclear reactors (SMRs) to power its gigawatt-scale AI data centers. • Broadcom acquires a private silicon photonics startup for $8 billion in cash to dominate light-based data transfer speeds across AI server racks. •  ...