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November 26, 2023
Bundswehr

German CDU politician warns: German troops can “last a maximum of two days in a battle”

The Bundeswehr's special fund was supposed to take care of it: Chancellor Olaf Scholz (SPD) wanted to make the troops fit for military service again with 100 billion euros.

Scholz even spoke of a “turning point” in February 2022.

However, CDU deputy Johann Wadephul now says “decisive troop units can last a maximum of two days in a battle”.

According to CDU defense politician, the catastrophic condition of the Bundeswehr has two reasons.

On the one hand, Germany continues to deliver weapons to Ukraine, but the ordered supplies for its own ammunition and weapons stocks do not reach the troops:

“Even when it comes to purchasing replacements, the Bundeswehr is actually making a loss,” says Wadephul.

In the current security policy situation, it is unacceptable that “there is no compensation” for the weapons delivered to Ukraine.

On the other hand, the restructuring of the Bundeswehr planned by the federal government was stuck in its early stages.

Wadephul says he sees “big announcements” but “little actual measures that contribute to the war capability that the defense minister himself claims.”

“I see a Bundeswehr that still carries out its procurement processes just as carefully, cautiously and sometimes - I think - with fear as it has in the last 20 years,” he said.

Wadephul also doubts that Germany will be able to put together its own combat-ready division for NATO by 2025, as originally promised.

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OIL SHOCK

🇮🇱 ❌ 🇮🇷 🛢 📈 — Deutsche Bank: Oil Prices will go to $125/barrel if the Iran-Israel conflict spills over into the Straight of Hormuz

@CIG_Telegram

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Analysis

Developments in the Iran-Israel war. It is currently 1:11am in Tel Aviv and 1:42am in Tehran.

Main points:

Iran and Israel have started targeting each other’s energy infrastructure.

Iranian missiles continued to target and impact northern and central Israel.

Israel has started targeting Iranian oil infrastructure, including oil refineries and oil depots.

Israeli airstrikes continue to target various parts of Tehran and the surrounding areas.

Iranian air defence seems to finally be doing some damage to Israeli missiles and drones. In turn, Israel has deployed dozens of small quadcopters and loitering munitions to waste Iranian air defence and saturate for larger attacks with cruise missiles.

Drones launched from Iran and factions in Iraq continue to target northern and southern Israel.

Missiles & drones:

2 rockets were launched from the Khan Younis area of southern Gaza by an unknown Palestinian faction. Neither were intercepted, with the IDF claiming they hit an open area with no casualties.

2 rockets were ...

Oil Prices

OIL MARKETS REACT SHARPLY TO ESCALATING MIDDLE EAST TENSIONS

📈 WTI CRUDE IS NOW FORECAST TO HIT $94.10 BY YEAR-END, UP OVER $21 IN A WEEK, ACCORDING TO KALSHI MARKETS.

THE JUMP FOLLOWS IRAN’S CANCELLATION OF NUCLEAR TALKS WITH THE U.S., CITING ISRAELI AIRSTRIKES. WITH TENSIONS RISING, MARKETS ARE PRICING IN THE RISK OF REGIONAL ESCALATION AND POTENTIAL DISRUPTION TO OIL FLOWS THROUGH THE STRAIT OF HORMUZ, A KEY ROUTE FOR 20% OF GLOBAL OIL.

ANALYSTS WARN THAT A FULL CLOSURE OF THE STRAIT COULD PUSH PRICES ABOVE $120–$150 PER BARREL. ...

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