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Australia expects to gain extra US$26 billion from exports after Iran war raises prices

South China Morning Post 03 July 2026 5h ago
Australia expects to gain extra US$26 billion from exports after Iran war raises prices
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Australia forecasts a A$38 billion (US$26 billion) lift in its export income as commodity and energy prices rise because of the war in Iran. The nation’s resources exports are set to rise almost 3 per cent to A$416 billion in the financial year through June 2027, the Department of Industry, Science and Resources said in its latest resources and energy quarterly on Friday. The extra earnings assume
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