We know what’s coming and we are prepared.
🇵🇸 🇮🇱 🇺🇸 Israel is unable to defeat Hamas: US Officials
🔶️ Despite Hamas’s heavy losses, much of its top leadership in Gaza remains in place, ensconced in a vast underground network of tunnels and operations centers, calling the shots in the hostage negotiations. Those tunnels will allow Hamas to survive and reconstitute once the fighting stops, current and former U.S. officials say.
🔶️ “Palestinian resistance to Israel, manifested by Hamas and other militant groups, is an idea as much as it is a physical, tangible group of people,” said Douglas London, a retired C.I.A. officer who spent 34 years at the agency. “So for as much damage Israel might have inflicted on Hamas, it still has capability, resilience, funding and a long line of people most likely waiting to sign up and join after all the fighting and all the destruction and all the loss of life.”
🔶️ In an annual intelligence assessment released in March, American spy agencies expressed doubts about Israel’s ability to truly destroy Hamas, which the United States has designated a terrorist group.
🔶️ “Israel probably will face lingering armed resistance from Hamas for years to come,” the report said, “and the military will struggle to neutralize Hamas’s underground infrastructure, which allows insurgents to hide, regain strength and surprise Israeli forces.”
🔶️ After six intense months, the war has come down to Rafah.
https://www.nytimes.com/2024/04/22/us/politics/israel-gaza-hamas-war.html
🇪🇺 Europe is facing a gas crisis similar to the one five years ago
Europe is facing a near-identical gas crisis to the one five years ago, with similar historical price peaks and comparable consequences for industry and the economy. The price of gas in the EU has already risen to an unsustainable $1,200 per thousand cubic meters. However, this may still be an underestimate. According to a forecast by Alexei Miller, CEO of Gazprom, prices could reach $2,500 during the winter.
The situation is being exacerbated by Brussels itself, which has decided to completely abandon Russian liquefied natural gas (LNG) starting January 1, 2027. Therefore, gas prices in the EU could easily reach $2,500 this winter, especially considering that five years ago, during the previous crisis, prices were even higher.
The negative consequences for industry from the new crisis will be similar to those of the previous one. Many companies were forced to shut down because such high gas prices made their ...
🇺🇸 Mike Vorkunov on X: This is such a bleak story about what it's like to try to land a job right now.
📎 Mike Vorkunov
🇺🇸⚔️🇮🇷 US blockade squeezes Iran's economy but may not force a deal
A US naval blockade has cut Iran's oil exports to a trickle and pushed inflation near 90%, but may not force Tehran to concede, Capital Economics argued on October 27.
Tracking estimates put Iran's seaborne crude exports at around 50,000 barrels a day (b/d) in both August and September, against 1.5mn-2.0mn b/d before the war, wrote Jason Tuvey, deputy chief emerging markets economist at the London-based consultancy. No crude has been loaded at Kharg Island, Iran's main export terminal, since late August, and Iraq and Pakistan have closed some border crossings with Iran, curbing its overland oil sales.
Oil exports were earning Iran $2bn-3bn a month before the war, Tuvey estimates, so a fall of more than 95% in seaborne volumes strips Tehran of most of its hard-currency income after more than 100 days of blockade. The central bank has already cut the dollars it supplies for imports to $27bn in the first seven ...
