Hungary will release 250,000 tonnes of crude oil from its strategic reserves following a halt in flows on the Druzhba pipeline. The decision was announced in a government decree published late on Thursday.
The measure aims to ensure a continuous supply of crude oil to domestic refineries and prevent fuel shortages. Authorities have not yet explained why the current stoppage happened or said when it will resume.
Under the new provisions, the Hungarian oil company MOL is entitled to priority access to the released reserves. MOL operates the Danube Refinery in Százhalombatta, which processes fuel for the domestic market.
The government said the released stockpile will allow the company to maintain stable energy production while the pipeline issue is resolved. The reserves will directly replace the missing pipeline volumes to keep operations running.
The Druzhba pipeline is a key energy route for Central Europe, delivering Russian crude to landlocked nations such as Hungary, Slovakia, and the Czech Republic. Disruptions along the route have previously prompted governments to tap into emergency reserves to stabilise regional energy markets.
Hungary is required to maintain strategic stockpiles to manage unexpected supply failures. The current release provides a temporary buffer while alternative supply options or pipeline repairs are evaluated.
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Ukraine has accused Hungary of taking seven employees of a state-owned bank hostage in Budapest.
Russian Foreign Ministry spokeswoman Maria Zakharova on Thursday (26 February) accused Ukraine of threatening Europe’s energy security by halting oil flows through the Druzhba oil pipeline to Hungary and Slovakia.
Ukrainian President Volodymyr Zelenskyy has suggested that Hungarian Prime Minister Viktor Orbán should block financial support to Russia rather than Ukraine, as Budapest opposes the European Union’s 20th sanctions package against Moscow.
European Union Foreign Policy Chief Kaja Kallas has said the bloc is unlikely to reach agreement on a new package of sanctions against Russia at Monday’s meeting of EU foreign ministers, as continued Hungarian opposition keeps consensus out of reach.
Tensions in the region remained high on Tuesday (10 March), as the United States and Iran exchanged increasingly sharp warnings, including threats over the strategic Strait of Hormuz, a critical artery for global oil supplies.
Global oil prices surpassed $119 a barrel on Monday (9 March, 2026), an almost four year high, as the Middle East conflict rumbled on.
China has urged Afghanistan and Pakistan to resolve their dispute through dialogue after Chinese envoy Yue Xiaoyong met Afghan Foreign Minister Amir Khan Muttaqi, as fighting between the two neighbours entered its eleventh day.
Entry and exit across the state border between Azerbaijan and Iran for all types of cargo vehicles, including those in transit, will resume on 9 March, according to a statement by the Cabinet of Ministers of Azerbaijan.
Iran named Mojtaba Khamenei to succeed his father Ali Khamenei as supreme leader on Monday (9 March), signaling that hardliners remain firmly in charge, as the week-old U.S.-Israeli war with Iran pushed oil above $100 a barrel.
U.S. Ambassador to the United Nations, Mike Waltz, has addressed the U.N. Security Council, saying the world must consider how effective its engagement with the Taliban-run country is as millions face hunger.
British MPs have rejected a proposal to introduce an Australia-style ban on social media for under-16s, opting instead to give ministers flexible powers to impose restrictions on platforms.
Australia has granted humanitarian visas to five Iranian women footballers who sought asylum, fearing persecution after refusing to sing their national anthem at an Asia Cup match.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 10th of March, covering the latest developments you need to know.
U.S. President Donald Trump called his recent phone conversation with Russian President Vladimir Putin “very good.” The two leaders spoke on Monday about the situation in Iran and other international issues.
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