Australia delays resources outlook over 'extreme volatility' due to Iran war
By Helen Clark
Published on April 10, 2026.
Australia's quarterly resources and energy outlook has been delayed for the first time due to "extreme volatility" caused by the U.S.-Israel war against Iran. The delay comes as Australia's government faces calls for a windfall tax on liquefied natural gas export profits. The Resources and Energy Quarterly (REQ) includes three, two-year outlooks for Australia’s major mining and energy exports and one macro five-year forecast. The REQ's forecasts are used as inputs for the federal budget, which is due in May. The government has faced criticism over energy security planning due to its high reliance on imported refined fuels.
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