The US Navy has declined repeated industry requests to escort tankers through the Strait of Hormuz, saying the risk of Iranian attacks remains too high despite President Donald Trump’s pledge that escorts will be provided if needed.

US Navy says Straits of Hormuz too dangers to traverse

MEOG - Middle East Oil & Gas
By Ben Aris in Berlin 11 March 2026
The US Navy has declined repeated requests from the shipping industry to escort commercial vessels through the Strait of Hormuz since the outbreak of the war with Iran, saying it is too dangerous to traverse.

IEA agrees record release of 400mn barrels from emergency oil reserves to counter Gulf War impact

AfrOil - Africa Oil & Gas
FSUOGM - Former Soviet Union Oil & Gas
MEOG - Middle East Oil & Gas
By Newsbase 11 March 2026
The IEA agreed on March 11 to release a record 400mn barrels from emergency oil reserves, dwarfing its 2022 Ukraine-linked release, as Iran's closure of the Strait of Hormuz and attacks on Gulf energy infrastructure drive prices higher.

Japan to release oil reserves to counter supply risks

AsianOil - Asia Oil & Gas
By bno - Taipei Office 11 March 2026
Japan plans to begin releasing oil reserves as early as March 16 in an effort to contain a potential surge in petrol and other petroleum prices brought about by the conflict in the Middle East.

Egypt aims to save $731.5mn from fuel price hikes

AfrOil - Africa Oil & Gas
By bna Cairo bureau 11 March 2026
Egyptian Ministry of Petroleum and Mineral Resources is targeting savings of around EGP 38bn ($731.5mn) from the recent increase in fuel prices during the remaining four months of FY 2025/26
More stories

What we offer

  • Market intelligence, insight & foresightdelivered directly to your email inbox
  • Expert contributorsincluding local & international journalists, industry analysts, economists & academics
  • The best editorial team in the businesswith over 20 years of knowledge and expert insight
  • Detailed and concise contentwithout any superfluous advertising

Our Customers

NewsBase ChinaOil is comprehensive and also keeps me informed of wider trends within China.  It gives me an edge when doing strategic planning and looking for business opportunities.  If you want to do business and grow in China’s upstream oil business, then this weekly digest gives the necessary insights.

Robin Simpson
Vice President Commercial & Business Development

NewsBase UOGM is concise and well focussed, giving me an accurate picture of the market in the one place

David Campagna
General Manager, Global Exploration

The value that NewsBase provides is excellent. I could pay more money to a different supplier and still not see the same level of information.

Without NewsBase I could have three or four suppliers and still not have the same depth of coverage.

Wayne Zemke
Market Intelligence Manager

AfrOil provides the most incisive and comprehensive coverage of the African oil and gas sector. AfrOil doesn’t just tell me what’s happening now, it tells me where the next hot spots will be, which is crucial for planning ahead. AfrOil is essential to my work and I would recommend it to anyone with an interest in oil and gas in Africa.

Elias Pungong
Partner Africa Oil & Gas Sector

I FOLLOW ALL NEWSBASE ISSUES WITH GREAT INTEREST.  They are current, in-depth, highly analytical but also fun to read.

Daniela Kissova
Policy Governmental & Public Affairs