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.
The 32 countries belonging to the Internatioanl Energy Agency agreed to release 400 million barrels of oil on Wednesday (11 March), in efforts aimed at bringing down the price of crude oil, which has soared since fighting between Iran, Israel and the U.S. started at the end of February.
Iran should continue ‘blocking the Strait of Hormuz’, Iran's new Supreme Leader Mojtaba Khamenei, said in his first speech since being elected on Thursday. His words were read out by a broadcaster on state Iranian television. Khamenei has still yet to be seen in public since his election.
A towering lava fountain from Kilauea shot about 400 metres into the air late on Tuesday (11 March) on Hawaii Island, prompting temporary closures at Hawaii Volcanoes National Park and part of a key highway as volcanic ash and debris fell over nearby areas.
More than 68,000 children in eastern Afghanistan have been displaced after clashes between Afghan and Pakistani forces intensified along the border, according to a new report by Save the Children.
Norwegian police apprehended three brothers suspected of carrying out Sunday's (8 March) bombing at the U.S. embassy in Oslo, in an attack investigators have branded an act of terrorism.
Freight transport on the China–Europe Railway Express grew strongly in the first two months of 2026, highlighting the growing importance of rail links between Asia and Europe. The network moved about 352,000 shipping containers between January and February, a 25% increase from a year earlier.
At least 64 people have been killed in southern Ethiopia following recent landslides and floods, the regional government’s communications office said on Thursday (12 March), citing local police
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 12th of March, covering the latest developments you need to know.
Norwegian police apprehended three brothers suspected of carrying out Sunday's (8 March) bombing at the U.S. embassy in Oslo, in an attack investigators have branded an act of terrorism.
Oil prices continue to fluctuate as a result of the conflict in the Middle East with Iran and the insecurity of ships sailing through the key Strait of Hormuz route. Iran has said it will target any ship linked to the U.S., Israel or their allies.
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