Australia Delays Resources and Energy Outlook Amid Global Volatility
Australia has postponed the release of its quarterly resources and energy outlook due to extreme volatility caused by the U.S.-Israel conflict with Iran. This delay marks the first time the publication has been postponed, as the government seeks a clearer understanding of the geopolitical and economic landscape. The Resources and Energy Quarterly, typically a key input for the federal budget, provides forecasts for Australia's major mining and energy exports. The delay comes amid calls for a windfall tax on liquefied natural gas (LNG) export profits and challenges in securing diesel supplies. The government is facing criticism over energy security planning, given the country's reliance on imported refined fuels. 
