The thing that I take away from this update most is that you've worn down your fighting forces - be it your shattered Armored Car brigade, be it your supply-less units in Egypt, or be it your navy after taking a pounding around Gibraltar. You're certainly not down, but it will take you a while to put your forces back into fighting shape - time, I expect, the Allies can better afford than you can (I mean, in the time that you can duct-tape that heavy cruiser back together, the Brits could launch a whole fleet of cruisers - or worse).
Oh, and the Italians actually overran Turkey? On their own? I'm horrified by this display of competence!