We know what’s coming and we are prepared.
📖 🇮🇱 🇮🇶 Middle East military briefing: Battle for Mosul points to IDF’s ‘fiendish’ task in Gaza
🔶️ The mission to clear the city of jihadist militants was ultimately successful. But the fighting was intense, took three times longer than planned, left 10,000 civilians dead, and killed more coalition soldiers than expected.
🔶️ It also offers a cautionary tale for the Israeli troops massing for the widely expected attack.
“It’s going to be fiendishly difficult,” said David Petraeus, a former US general who led Iraq’s allied forces during the 2007 “surge” and then Nato and US forces in Afghanistan. “I just can’t imagine more difficult circumstances.”
🔶️ “There is also no limit to the troop requirements,” he added. “Even if Israel sent 10mn soldiers into Gaza, it would still take a long time. And that’s just taking the territory; holding it is another matter.”
🔶️ The battle for Mosul — which is similar in size to Gaza’s urban areas and had a comparable population of about 2mn when the city was occupied by Isis — began on October 16, 2016.
Inside the city were roughly 8,000 Isis fighters, compared to Gaza where Hamas has an estimated 30,000 to 40,000 fighters and Palestinian Islamic Jihad another 15,000 men under arms.
🔶️ Ranged against the militants in Mosul was an attacking force of 100,000 US-led Iraqi forces, compared with more than 160,000 troops in Israel’s standing army and 360,000 newly-mobilised reservists.
In the skies above Mosul, international coalition planes provided constant surveillance and air strikes — similar to the Israeli fighter jets that have been hitting hundreds of Hamas targets. “Intelligence soaks”, by drones and other forms of surveillance, provided a detailed set of targets for them to hit.
🔶️ Half-destroyed buildings surrounded by rubble meanwhile provided the jihadists with what one US commander described as ideal bombproof shelters.
“Cities have thousands of hiding places,” said the special forces officer. “If you want to remove an enemy, you have to clear the area house by house. But that puts you in 360 degrees of danger. You can’t just sweep through.”
🔶️ The battle for Mosul claimed the lives of 8,000 soldiers from the US-led coalition, and a fight expected to take three months ultimately took nine.
“Hamas knows Gaza far better than [Isis] knew Mosul,” Petraeus said. “Moreover, it took us nine months [to capture Mosul] and Israel does not have that time . . . They know that international public opinion is going to shift . . . as the damage accumulates, and innocent civilians are killed.”
https://www.ft.com/content/32bc687b-1385-401b-a60a-7320848ceb16
🇺🇸 #Oklahoma high school principal (Kirk Moore) seen charging at and disarming a school shooter.
The suspect, identified as 20-year-old Victor Hawkins, was a former student who said he wanted to shoot up the school “like the Columbine shooters did.” While taking down the shooter, Moore was shot in the leg. He is expected to recover.
When the Principal woke up that day, he never thought he would be tackling a gunman.
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🇨🇳🛢 How much strategic oil does the world actually have in reserve?
Global strategic crude oil inventories stood at ~2.5 BILLION barrels as of December 2025, according to the US Energy Information Administration.
China holds by far the largest stockpile at 1,397 million barrels, more than 3 times the US Strategic Petroleum Reserve of 413 million barrels, which itself sits at only 58% of its full storage capacity of 714 million barrels.
China added an average of 1.1 million barrels per day to its strategic inventories throughout 2025, with preliminary data suggesting it continued building stockpiles in early 2026 ahead of the Iran War.
Japan holds the 3rd-largest reserve at 263 million barrels, followed by OECD European countries at 179 million barrels.
Meanwhile, the US is releasing 172 million barrels from its Strategic Petroleum Reserve to suppress oil prices, part of a broader 400 million barrel coordinated release agreed by 32 IEA member nations in March.
🔗 ...
🛢 JP Morgan Warns Oil Market Out of Balance, Prices Must Rise
🔸The closure of the Strait of Hormuz, through which roughly 20% of the world’s oil flows, has removed 13.7 million barrels per day from global supply in April alone. A JP Morgan research note warns the market has no good way to replace it.
🔸Normally, spare production capacity in Saudi Arabia and the UAE acts as the market’s shock absorber. But that buffer has effectively been removed, eliminating the system’s first line of defense.
🔸With spare capacity unavailable, markets turned to inventories
➤ Global stockpiles are now being drained at ~7.1 mbd in April, an extraordinary pace, according to the note.
🔸Meanwhile, demand is collapsing because supply simply isn’t reaching users — “forced demand destruction.”The hardest hit sectors include:
▪️ Petrochemical plants across Asia are shutting down or slashing output as LPG, ethane, and naphtha flows from the Gulf collapse
▪️ Airline jet fuel ...
🛢⛽️ Global oil inventories are heading toward RECORD LOWS:
Global visible oil inventories have fallen -255 million barrels since the start of the conflict on February 27, to 7,864 million barrels.
Total estimated oil draws, including non-OECD refined products storage, have accelerated to 10.9 million barrels per day in April, the largest monthly draws on record since 2017.
Cumulative estimated draws since the start of the war now stand at 474 million barrels, with Hormuz flows holding at ~10% of normal, or 2.0 million barrels per day.
Meanwhile, even in an optimistic scenario where Strait of Hormuz flows begin recovering by late April, it is unlikely to prevent global visible inventories from reaching all-time lows, according to Goldman Sachs.
As inventories keep falling, physical oil markets are likely to require sharply higher prices for immediate delivery, since buyers cannot wait months for cheaper futures delivery when stocks are running critically low.
Goldman also warns...
