Oil prices rose in Asia following an exchange of fire between the US and Iran in the vital Strait of Hormuz. Amidst the global cost of the US-Iran war, several companies are experiencing record profits as the conflict's impact on energy prices and market volatility creates significant financial gains for specific industries. Tanzania has also seen a significant increase in its retail fuel prices, with the Energy and Water Utilities Regulatory Authority announcing new rates effective Wednesday. These developments highlight the cascading economic effects of geopolitical tensions on energy markets across different regions.








