Australia to Profit from War Pushing Up Prices, Westpac Says

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000APAC Fuel Crunch:Australia will likely gain an unexpected multi-billion dollar windfall from the Iran war, as higher coal and gas export prices boost revenues over the five years to 2030, according to Westpac Banking Corp.The national budget will get about A$20 billion ($14 billion) more revenue over that period, senior economist Pat Bustamante wrote in a report Tuesday. And the jump in gold prices since 2024 is estimated to add another A$19 billion to the government’s coffers over the next five years.