Add all the ingredients to a large saucepan and stir to combine.
4 (14.5-ounce) cans fire roasted tomatoes, 1 cup low-sodium chicken broth, ½ cup milk, 1 tablespoon garlic powder, 1 tablespoon onion powder, 1 tablespoon dried basil, 1 teaspoon olive oil, 1 teaspoon salt, ¼ teaspoon black pepper