Iran’s Hormuz toll booth points toward an L-shaped price plateau, not the V-shaped recovery traders want

As of March 23, 2026, the global energy market is no longer governed by the invisible hand of economics; it is being strangled by the rigid, non-negotiable laws of engineering. While Brent crude futures experienced a violent flash crash on March 23, plunging over 15% to an intraday low of $96 per barrel after President Donald Trump announced a five-day pause on his ultimatum to strike Iranian power plants, Trump claimed that productive talks were underway — a claim Iran quickly denied — causing...