— 🇮🇱/🇵🇸/🇱🇧/🇸🇾/🇮🇶 30th day of the war, November 5th, status update and major events:
– Extremely heavy airstrikes on Gaza, journalists called them 'unprecedented' and possibly the worst since October 7th.
– The Royal Jordanian Air Force dropped medical aid packages to the Jordanian field hospital in Gaza.
– The death toll in Gaza has officially surpassed 10.000.
– Notably, Hamas carried out two large scale rocket barrages on Tel Aviv and other cities in central Israel, showing that they still have the capability to carry out attacks.
– Two Iron Dome missiles misfired and struck Israeli streets in Tel Aviv.
— Ground situation in Gaza:
– To the north of Beit Hanoun, the IDF retreated towards the border fence. To the north-east of Beit Lahia, Israel holds most of the surrounding farmlands on the outskirts of the city, and has begun entering the urban area, where heavy clashes are taking place.
– After entering from the As-Siafa area in the north-west of the Gaza strip, the IDF has advanced along the coastline until the Al-Shati camp. The strip they control is about 1km wide from the shore measured inland, and about 7.5km deep from As-Siafa to Al-Shati camp.
– After entering the middle of Gaza from the east through Juhor Al-Dik, the IDF advanced in the north of Wadi Gaza past Al-Mughraqa, reaching Al-Rashid street on the coastline and establishing control over it, effectively cutting off the last road connecting the north to the south. Clashes are currently ongoing in the southern outskirts of Gaza City, mostly in the neighbourhood of Wahsh as well as areas near Salah Al-Deen road.
— Outside of Gaza:
– Hezbollah targeted several settlements across the Lebanese border with ATGMs, confirming casualties. As a response to the killing of 4 Lebanese civilians, they shelled the Israeli town of Kiryat Shmona with 122mm 'Grad' (Katyusha) rockets, causing direct impacts. The Iron Dome failed to intercept most of these rockets. Hezbollah reportedly also downed an Israeli UAV, although this has not been confirmed. Additionally, Hezbollah announced 3 more martyrs, making a total of 61.
– Israel carried our airstrikes and artillery shelling of South Lebanon as a response to these attacks.
– U.S. Secretary of State Antony Blinken visited Baghdad to meet with Iraqi PM Mohammad Shia Al-Sudani. He left for Ankara after a few hours.
– The Islamic Resistance in Iraq targeted the U.S. base in Tal Baidar, in Syria's Hasakah province, with two suicide drones, as well as the U.S. base in Erbil Intl. Airport.
@Middle_East_Spectator
🇺🇸 #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...