We know what’s coming and we are prepared.
Prime Minister Netanyahu at the beginning of the cabinet meeting:
I greatly appreciate the support of President Biden and the American administration for Israel. Since the beginning of the war, the US has given us support in spirit and material - with means of defense and means of attack.
But about four months ago, there was a dramatic drop in the supply of armaments arriving from the US to Israel. For weeks we asked our American friends to speed up the shipments. We did it time and time again. We did it at the highest levels, and at all levels, and I want to emphasize - we did it in private rooms. We got all kinds of explanations, but one thing we didn't get: the basic situation didn't change. Certain items arrived in trickles, but the great mass of armaments remained behind.*
After months of the lack of change in this situation, I decided to give it a public expression. I did this out of years of experience, and knowing that this step is essential to extracting the traffic jam. I expected that this would involve personal attacks against me from home and abroad, as happened when I opposed the nuclear deal with Iran, as happened and continues to happen when I repeatedly opposed the establishment of a Palestinian terrorist state, and as is happening now when I oppose ending the war while leaving Hamas intact. But I am ready to suffer personal attacks for the sake of Israel's security.
As Prime Minister of Israel, my role is to do everything to ensure that our heroic fighters have the best means of combat.
In light of what I have heard in the past day, I hope and believe that this issue will be resolved in the near future. But I would like to emphasize, and I have also said this to our American friends - We have one measure and it has always tipped the scales: the bravery and determination of our fighters - and with this weapon we We will win."
🇺🇸 #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...
