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      <title>The Cancellation Clause That Closed a Strait</title>
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      <description>How Lloyd&amp;#39;s 72-hour war-risk withdrawal handed Iran a $2 million per-tanker toll at Hormuz — and European ports started requiring proof of payment</description>
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      <title>Huawei Built the Processor. Henan Can&#39;t Plug It In.</title>
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      <description>Export controls froze China at 7nm — and may have accidentally synchronised China&amp;#39;s chip and grid timelines</description>
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      <title>2,600 Gigawatts Are Waiting. The Transformers Aren&#39;t Coming.</title>
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      <description>AI chip investment created 2,600 GW of queued power demand. The grid takes five years to say yes. The transformer takes two years to arrive.</description>
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      <title>Iran Built a Velvet Rope Around 21% of Global Oil</title>
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      <description>Flag-state discrimination converts Hormuz from a commons to a permission gate — and the IRGC is collecting the toll</description>
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      <title>Hungary&#39;s €430-Per-Tonne Election Strategy</title>
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      <description>Hormuz → EU gas storage at 28.9% → fertilizer costs surge → Hungary&amp;#39;s electoral cycle turns supply shock into sanctions defection vector</description>
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      <title>The Gas That Thinks</title>
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      <description>Hormuz closes, Qatar&amp;#39;s helium halts, the Federal Reserve depletes — and AI scaling hits a ceiling made of noble gas</description>
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