We know what’s coming and we are prepared.
Israeli Prime Minister Benjamin Netanyahu is expected to be in meetings with his security cabinet Wednesday to mull potential operations to last night's Iranian attack which saw some 181 ballistic missiles fired directly at Israel.
Israel's military claims most were intercepted, and that there was almost no damage or Israeli casualties, but the avalanche of available on-the-ground videos contradict these assertions. Israeli media has cited officials who say retaliation on Iran could include hitting targets like gas or oil rigs, and Iran's nuclear sites.
"An attack on Iranian oil facilities could devastate the country’s economy, and any of the considered responses could mark another escalation, almost one year into the ongoing war that began when the Hamas terror group attacked Israel in October 2023," Times of Israel writes.
A correspondent from the same publication has cited another official who says the response will aim to inflict "significant financial damage" and that Israeli leaders feel the strike "must be significant, and it must come soon."
The security cabinet spent much of Tuesday night in a secure bunker under Jerusalem. By the end of the meeting there was reportedly consensus that Israel's military would hit back.
Prime Minister Benjamin Netanyahu's first words in the wake of the attack were "Iran made a big mistake tonight, and it will pay for it" and included the vow, "whoever attacks us — we will attack them."
"The regime in Iran does not understand our determination to defend ourselves and our determination to retaliate against our enemies. They will understand. We will stand by the rule we established: whoever attacks us, we will attack him," Netanyahu continued.
Netanyahu met with Shin Bet head Ronen Bar, Mossad director David Barnea, IDF Chief of Staff Herzi Halevi and Defense Minister Yoav Gallant on Wednesday:
Background: Iran fired over 180 ballistic missiles at Israel as a response to the Israeli killing of Ismail Haniyeh, Hassan Nasrallah, and two high-ranking IRGC officers. Most of them were hypersonic and hence impossible to shoot down.
From Iranian sources:
Israel: Israeli Defense Minister Yoav Gallant was killed by a ballistic missile! This is not yet confirmed.
Three IDF airbases, Netavim (Negev), Hatzarim, and Tel Nof (Tel Aviv) suffered such serious damage from ballistic missiles that they were declared out of service.
At these bases, ballistic missiles destroyed 20 F-35 jets on the ground.
In Tel Aviv, Mossad Headquarters, the Foreign Intelligence Service, the Electronic Intelligence Service, and Unit 820 were hit with barrages of ballistic missiles. Mossad Headquarters was completely destroyed.
Ballistic missiles were also fired at Dimona (site of Israel’s nuclear reactor, nuclear weapons, and nuclear research agency), Beersheva, Ashkelon, and the offshore gas fields. I’m not sure what the targets or results were in Ashkelon, Dimona, and Beersheva.
The US and Israel fired a huge number of interceptors at these missiles. Only 10% were intercepted. The vast majority missed. The performance of both Israel’s Arrow and David’s Sling and the US’ interceptors (mostly fired from ships in the Gulf) was very poor.
Jordan: A few missiles were intercepted by US interceptors over Jordan. The resulting debris fell to the ground and hurt and killed Jordanians. I guess Jordan would rather get its own people killed than Israel suffer any damage or harm.
From Hezbollah:
Israel: There were significant IDF casualties. Other than the possible death of Gallant, we have no casualty figures.
Hezbollah attacked Israeli offshore gas fields earlier in the day.
From Ansar Allah:
Yemen: Two commercial ships were hit by missiles and drones for trading with Israel and not heeding warnings to turn around. One of the ships was hit a second time when the first barrage was ignored.
Ansar Allah hit three US destroyers with missiles! No confirmation on this yet.
Every single thing this ghoul said was a lie. (Jake Sullivan)
The Biden Administration warned Iran that it would suffer a serious punishment for attacking Israel. The Administration said it would stand side by side with Israel during any Israeli attack on Iran.
There was no particular word from either Holocaust Harris or Genocide Joe Biden on the Iranian attack, but it was just as well.
Any attack on Iran is a wild card because Iran may well have been given S-300 and S-400 antiaircraft batteries. Either one but in particular the S-400 would stand a very good chance of taking down many to most of the jets Israel would use to attack Iran with.
It also appears that Russia gave Iran their fanciest electronic warfare system. It is state of the art and the US and Israel probably have no defense against it.
Suggested targets for an Israeli attack on Iran include the oil fields and its nuclear program. The nuclear program is mostly deep underground in mountains, possibly under solid rock. Israel is not going to able to get at anything that is buried that deep like that.
The UK: Kid Starver, Prime Minister of the UK, said that the UK would always stand side by side with Israel no matter what. He blamed Iran for all of the violence and said Israel was just fighting back. He said the missile attack was a failure. Nothing he said was true.
Lebanon: Israel claimed it crossed the Lebanon border and was fighting inside Lebanon. However maps issued by Hezbollah showed that Israel had not set one foot inside Lebanon.
Gaza Strip: A large force of 80 fighters tried to overrun an IDF base in the Netzarim Corridor. No word on the results.
Israel: There was a Palestinian terrorist attack in Jaffa. Two gunmen, one armed with an automatic weapon, went on a rampage in a bus station, killing eight Israeli civilians and wounding nine more. The shooters were still at large. No group claimed responsibility.
Prime Minister Netanyahu held a press conference with his security cabinet. To one side was the head of the Mossad and on the other side was a high-ranking general. This was odd because Gallant is almost always sitting next to Netanyahu at these meetings.
He read from a prepared script on paper but he could barely hold the paper as his hands were shaking so hard. I have never seen the diagnosed psychopath Benjamin Netanyahu so shaken up in my life.
Those Iranian missiles must have done something terrible in terms of human and/or material losses. As the camera pans around the room, we can see that Gallant is nowhere to be seen, and he is always present at these buildings in the middle of the room.
🇺🇸 #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...
