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The navy's review will look at the the circumstances surrounding the incident and the wider rules of engagement for UK forces operating in the area.
BBC: NEWS | UK | Released sailors tell of ordeal
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The strategic defence review included plans to scrap Harrier jump jets, the Navy's flagship HMS Ark Royal and Nimrod spy planes, as well as 42, 000 Ministry of Defence and armed forces jobs.
BBC: An aircraft lands at RAF Northolt
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Under the Strategic Defence and Security Review (SDSR), announced in 2010, the navy and air force have to cut 5, 000 jobs each, the Army 7, 000 and about 25, 000 civilian staff working at the MoD face redundancy.
BBC: Opposition-day debate: Defence reform