We know what’s coming and we are prepared.
— 🇮🇱/🇵🇸/🇱🇧/🇾🇪 25th day of the war, October 31st, status update and major events:
– Heavy airstrikes in the Gaza strip. The IAF bombed a large gathering of civilians in Al-Jabaliya Camp, resulting in possibly hundreds of deaths. Most hospitals have almost run out of power.
– Throughout the day, Hamas carried out at least 5 different rocket barrages into Israel, including on Tel Aviv. Settlements close to Gaza such as Ashkelon and Sderot have been registering more direct impacts, due to a shortage of Tamer missiles for the Iron Dome, which forces Israel to focus its limited defenses on major population centers, because there is simply not enough stockpile to defend all of Israel at this point.
– Ground situation in Gaza: Israeli forces control the beach area of As-Siafa in the north-west of the strip, as well as most of the farmland on the outskirts of Beit Lahia and Beit Hanoun in the north and north-east. Today, the IDF penentrated into the middle of Gaza by entering Wadi Gaza from the east with armored columns. They established control over Salah Al-Deen road, the main road connecting Gaza City to the rest of the Gaza strip. The IDF is trying to push west through the middle of Wadi Gaza, to capture Al-Rashid street, the last route that still connects the north of Gaza to the south.
– According to the availabke information, the IDF has suffered a considerable amount of casualties in Gaza so far. Hamas claims that the Al-Qassam brigades have destroyed 22 IDF vehicles until now, and some sources estimate that a few dozen Israeli soldiers have been killed, although no official figures are available besides what the IDF releases. Most of the casualties occured while penentrating Gaza from the middle of Wadi Gaza, to capture the Salah Al-Deen road.
– The Beit Lahia and Beit Hanoun outskirts have not offered much resistance, because the area is mostly farmland and not suitable for fighting a superior enemy, as opposed to in an urban environment.
– Yemen's Ansarullah (Houthis) carried out four attacks on southern Israel with ballistic missiles, cruise missiles and drones. Most of these were intercepted above Eilat, and at least one missile fell in Jordan. The military spokesman of Ansarullah vowed to increase attacks against Israel as long as the agression on Gaza continues.
– Hezbollah targeted the IDF in the settlements of Al-Jardah, Branit Barracks, Al-Marj, and Al-Khazzan Hill with ATGMs, leading to several confirmed casualties and the destruction of a Merkava tank with its crew inside.
– The IDF shelled South Lebanon and carried out airstrikes against Hezbollah targets.
@Middle_East_Spectatof
🇺🇸 #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...
