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According to Golden Ten Data on April 10, an Australian government spokesperson stated on Friday that due to “extreme volatility” triggered by the US-Israel warfare with Iran, which has rendered forecasts quickly outdated, the country’s Resources and Energy Quarterly Report has been postponed for the first time. The report, originally scheduled for release at the end of March, will now be delayed until the end of June. Australia’s Resources and Energy Quarterly Report is issued by the Office of the Chief Economist and covers three two-year outlooks and a five-year macro outlook for the country’s major mineral and energy exports. The report typically includes historical, current, and projected export volumes and values of key commodities, analyzes global demand drivers and new sources of demand, and its forecasts are an important reference for the federal budget, which is expected to be released in May.Due to the recent surge in oil prices, Australia’s liquefied natural gas (LNG) revenue is expected to increase significantly, since more than 75% of LNG exports are linked to oil prices, usually with a lag of three to six months. Remaining spot cargoes are also sold at record prices, but higher diesel prices are pushing up production costs for some miners. The income surge has prompted some groups to call for a 25% tax on LNG “excess profits.” Last month, it was reported that the country’s Treasury is studying the relevant taxation, but the government has not yet confirmed this.

According to Odaily, ING analyst Francesco Pesole stated that if the US CPI data shows that March inflation accelerated sharply due to energy price increases driven by the Iran war, the US dollar could find support. With high inflation making headlines—even though the Middle East situation remains the main driver—the threshold for further declines in the US dollar today should be higher. However, he noted that for the Federal Reserve, what matters most is whether so-called second-round effects appear in core inflation over the coming months, meaning companies passing higher costs onto prices and wages.

Golden Ten Data reported on April 10 that Maarten Wetselaar, CEO of Spanish energy company Moeve, stated at the “Europe Pulse Forum” held in Barcelona that Europe should not forget the urgency of ensuring energy supply, as felt in recent weeks due to the Iran war and the blockage of the Strait of Hormuz. Moeve—formerly known as Cepsa and owned by UAE investment company Mubadala and American private equity company Carlyle—has started construction of the Andalusia Green Hydrogen Valley project in southern Spain. However, Wetselaar said that Europe needs a hydrogen pipeline connecting southern Spain to Germany.