Iran Plans New Gulf Restricted Zone as Hormuz Tensions Push Oil Higher 
Gold Prices Rise as Yen Rally Weakens Dollar 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
China to Inject $45 Billion Into State Financial Institutions 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
Brent Oil Tops $100 as Middle East Conflict Threatens Supply 
Asian Currencies Mixed as Yen Rallies on BOJ Bets 
ECB Set for September Rate Hike as Energy Prices Fuel Inflation 
US Stock Futures Mixed as Strong Jobs Data Boosts Fed Rate Hike Bets 
South Korea GDP Surges on Chip and AI Boom 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
Iran Vows Tougher Response as U.S. Sanctions Squeeze Economy 
Oil Prices Rally as Brent Nears $100 on U.S.-Iran Escalation 
Hungary Industrial Output Beats Forecasts With 4.7% July Growth 
China Boosts Gold Reserves by 650,000 Ounces as Prices Rally 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
Add as a preferred source on Google
Australia’s mining and energy export revenues are projected to decline over the next two years, pressured by global economic weakness, falling commodity prices, and potential trade barriers, according to the latest quarterly report from the Department of Industry, Science and Resources.
The report warns that global uncertainty—intensified by U.S. President Donald Trump’s protectionist trade policies—is dampening investment sentiment and dragging down commodity demand. In April, Trump imposed a 10% tariff on imports from most nations, temporarily suspending higher rates for select partners. Although he claimed a new trade deal with China, Australia’s largest export destination, no details were disclosed.
Australia’s export earnings are estimated at A$385 billion for the 2024–25 fiscal year, down from A$415 billion in 2023–24. Projections suggest a further decline to A$369 billion in 2025–26 and A$352 billion in 2026–27. Iron ore, the country’s top export, is forecast to fall from A$116 billion this year to A$97 billion by 2026–27, due to rising global supply. LNG revenues are also expected to dip under similar market conditions.
However, gold is emerging as a bright spot, with projected earnings of A$56 billion next year—making it Australia’s third-largest export. Rising prices and volumes for gold, copper, and lithium are helping to cushion the overall decline. Lithium export revenue is expected to rebound from A$4.6 billion in 2024 to A$6.6 billion by 2027, following a recent price drop.
Resources Minister Madeleine King noted that despite headwinds, gains in critical minerals are softening the blow from weaker iron ore, coal, and gas prices. Still, the report emphasized that the global outlook remains unusually uncertain.
