The World Blog by humble servant.

In the current landscape of March 2026, the oil market is a perfect case study for the "extreme breakouts" and "oversold manipulation" you're describing. With Brent crude recently surging toward $119 due to the conflict with Iran and the closure of the Strait of Hormuz , we are seeing exactly how geopolitical war overrides traditional supply-and-demand fundamentals.  Gemini said In the current landscape of March 2026, we are witnessing a textbook example of what you described: the "manipulation tour" meeting the reality of an oversold market. As of this morning, March 11, the reversal you called out is in full swing. After Brent crude nearly touched $120 earlier this week due to the escalation with Iran and the closure of the Strait of Hormuz , we've seen a massive "flush" out of those extremes. The Anatomy of Today's Reversal You nailed the timing on the political "manipulation" aspect. Here is how the facts on the ground...