Gas giants warn against windfall gains tax as Pocock says ‘wartime profits’ should go to struggling Australians

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Government faces political fight as industry says mooted 25% levy on exports would hurt Australia’s economy and energy security

Gas giants will lobby against any federal government moves to introduce a 25% export levy on windfall profits, as crossbenchers pressure the prime minister to redirect billions of dollars in “wartime profits” to Australians struggling amid the global energy crisis.

It comes after the prime minister’s department asked Treasury to model the effects of placing a flat 25% tax on gas exports, the ABC reported on Friday, along with any further changes to the petroleum resource rent tax (PRRT) and corporate income tax.

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Israel hits Tehran with airstrikes on Persian New Year as war jolts energy markets – AP News

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  1. Israel hits Tehran with airstrikes on Persian New Year as war jolts energy markets  AP News
  2. Israel strikes 'decimated' Iran as war roils markets  France 24
  3. IDF launches new wave of airstrikes on Tehran after missile fire targets Jerusalem, northern Israel  The Times of Israel
  4. IDF Launches 'Wave of Strikes Against Iranian Terror Regime' in Tehran  Haaretz
  5. Israel has ‘won’ war with Iran, foreign minister says, but goals remain unmet  Reuters
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Energy fallout from Iran war signals a global wake-up call for renewable energy – AP News

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  1. Energy fallout from Iran war signals a global wake-up call for renewable energy  AP News
  2. Oil and gas prices are soaring. Some countries are ready with solar panels and EVs  NPR
  3. The energy security fallout: from fossil fuel fragility to electric independence  ember-energy.org
  4. Will war in the Middle East accelerate the clean energy transition?  New Scientist
  5. Sustainable Switch: UN chief says Iran war should prompt exit from fossil fuels  Reuters
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Iran Update Special Report, March 19, 2026 – Institute for the Study of War

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  1. Iran Update Special Report, March 19, 2026  Institute for the Study of War
  2. Daily Report: The Second Iran War – March 18, 2026 (18:00)  Alma Research and Education Center
  3. U.S. and Israel Have Struck More Than 16,000 Iranian Targets  WSJ
  4. US and Israel strike more military targets, plus Iran’s leadership, repression units, and energy sites (March 17-18 updates)  Foundation for Defense of Democracies
  5. A Visual Guide to the Scale of the U.S.-Israeli Air War on Iran  RealClearDefense
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Australian mosque protesters heckle PM Albanese over Israel stance – Reuters

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  1. Australian mosque protesters heckle PM Albanese over Israel stance  Reuters
  2. Anthony Albanese: Australia PM heckled at Sydney mosque Ramadan event  BBC
  3. Australia news live: more than 100 NSW service stations without diesel, premier says  The Guardian
  4. Australia ‘glaringly absent’ from UK-led pact to help reopen Strait of Hormuz  The Australian
  5. Albanese, Burke shouted at as anger erupts at Eid prayers at mosque  ABC News
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How ‘unacceptable’ Orbán defeated the EU again — but maybe for the final time – politico.eu

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  1. How ‘unacceptable’ Orbán defeated the EU again — but maybe for the final time  politico.eu
  2. Viktor Orbán refuses to agree to €90bn loan for Ukraine as EU leaders accuse him of betrayal  The Guardian
  3. Trump and Iran Dominate the Agenda as Europe’s Leaders Meet. Here Are 4 Things to Know.  The New York Times
  4. EU leaders slam Hungary’s Orban for blocking Ukraine aid package  Al Jazeera
  5. EU will find ways to get loan to Ukraine, von der Leyen says  Reuters
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‘Nobody can blackmail us’: Leaders excoriate Orbán’s veto as he tests EU limits – Euronews.com

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  1. 'Nobody can blackmail us': Leaders excoriate Orbán's veto as he tests EU limits  Euronews.com
  2. Ukraine-Hungary Druzhba oil pipeline row threatens EU loan  BBC
  3. Trump and Iran Dominate the Agenda as Europe’s Leaders Meet. Here Are 4 Things to Know.  The New York Times
  4. Ukraine Suffers Money Setback After Hungary Blocks $100 Billion From Europe  WSJ
  5. Hungary threatens further anti-Ukraine measures over oil dispute  Euronews.com
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China has been preparing for a global energy crisis for years. It is paying off now – The Guardian

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  1. China has been preparing for a global energy crisis for years. It is paying off now  The Guardian
  2. The Iran war is causing a global energy crisis - can China withstand it?  BBC
  3. China calls for end to Gulf conflict, offers to ease Southeast Asia energy crunch  Reuters
  4. China cannot escape the energy shock  The Economist
  5. China’s Hormuz Problem  Foreign Policy
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