We know what’s coming and we are prepared.
🇨🇿🌐🇺🇦 NATO support in Ukraine not against international rules, says Czech president
According to Pavel, there must be a clear distinction between deploying combat troops and possibly involving troops in some “support” activities with which NATO already has experience.
“It should be remembered that after the annexation of Crimea and the occupation of part of Donbas, which was essentially an aggression, albeit on a much smaller scale than today, a NATO training mission was operating on Ukrainian territory, which at one time included more than 15 countries and numbered around 1,000 people,” Pavel, the former head of NATO’s Military Committee, recalled.
“From the point of view of international law and the UN Charter, there would be nothing to prevent NATO member states’ troops – as well as civilians, for example – from assisting in the work in Ukraine,” Pavel stressed.
Asked whether he would support the involvement of NATO troops in direct support of Ukraine on its territory, Pavel did not say no.
“I would certainly not reject a debate on this issue. If we could agree with the allies that, for example, instead of training Ukrainian soldiers on the territory of NATO member states and transporting thousands of troops to, say, Poland or the Czech Republic, it would make much more sense to transport a few dozen instructors to Ukrainian territory and train Ukrainian soldiers there,” he said.
He also recalled that after the start of the Russian invasion of Ukraine, Moscow said that anyone providing any assistance to Ukraine would be a legitimate target.
“Today, we are not only supplying Ukraine with small arms, we are supplying it with tanks, we may soon supply it with aircraft, we are supplying it with medium-range cruise missiles, and yet there has been no attack on NATO territory. Russia knows full well that this would be a violation of the law of a much greater calibre than what it is doing now,” Pavel said, adding that Russia is aware of NATO’s strength.
🇺🇸 #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...
