DAR ES SALAAM, May 28 -- THE Economic and Social Research Foundation (ESRF) position paper, “Global Oil Price Volatility and Tanzania: Impacts and Policy Options,” released in March 2026, is one of the most timely and strategically important policy reports in Tanzania this year.

Views expressed in the paper correctly highlight how rising global oil prices and geopolitical instability, especially disruptions in the Gulf region and along key transport routes like the Strait of Hormuz pose significant economic risks to Tanzania.

The policy presented as a special issue rightly earns praise for changing the national debate—moving from seeing global oil shocks as distant international concerns to recognising them as immediat...