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Australia anticipates $26 billion boost in exports as Iran war drives prices up

Australia's Department of Industry, Science and Resources forecasts a A$38 billion rise in export income, fueled by increasing commodity prices tied to conflict in Iran. This boost is anticipated to lift total resources exports to A$416 billion by June 2027, with the liquefied natural gas sector playing a major role.

BRIC Team
BRIC Team
Jul 3, 2026 · 1 min read · 27 views
Australia anticipates $26 billion boost in exports as Iran war drives prices up

Key Takeaways

  • •Australia expects a A$38 billion boost in export income due to rising commodity prices linked to the Iran conflict.
  • •Total resources exports are projected to reach A$416 billion by June 2027, a nearly 3 percent increase.
  • •The liquefied natural gas sector is anticipated to gain an additional A$20 billion in revenues amid rising energy prices.
  • •Trade disruptions are expected to last until at least June 2026, with a potential A$7 billion gain if they extend through August.
  • •The Australian government dismissed calls for increased LNG taxes despite public support, reflecting ongoing economic uncertainties.

Australia expects windfall of A$38 billion (US$26 billion) in export income, fueled by climbing commodity,energy prices linked to Iran conflict. Department of Industry, Science and Resources says total resources exports will jump nearly 3%,hitting A$416 billion by June 2027.

Forecast assumes trade disruptions last till June 2026,with extra A$7 billion possible if they stretch to August . Iran war has reshaped global energy landscape, especially after Strait of Hormuz closure cut off Persian Gulf producers . Energy prices surged,opening doors for exporters like Australia .

LNG sector could profit most,with A$20 billion in extra revenue expected. Earlier this year,government shot down idea of raising taxes on LNG,despite polls showing public backing. Department had predicted export revenue drop this year but skipped a March report due to Middle East turmoil .

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