On July 29, 2026, Australia's major resource companies, Rio Tinto and Woodside, reported significant revenue jumps, driven by rising commodity prices linked to the Iran war and surging demand for artificial intelligence infrastructure [1]. Rio Tinto benefited from global tech trends such as electrification and data center construction, which increased demand for metals like copper and aluminum. These metals are essential for building data centers and supporting electrification, resulting in higher prices and improved margins for the miner [1].
Woodside, the country's leading liquefied natural gas (LNG) producer, saw its earnings rise as the Iran conflict caused volatility in global energy markets. This volatility pushed LNG prices higher, with buyers seeking alternative supplies, directly contributing to Woodside's revenue growth [1]. Market analysts highlighted the combined impact of geopolitical tensions and technological shifts as key drivers of the current commodity boom. One analyst stated, "The interplay between Middle East instability and the growing demand for AI-powered infrastructure is creating a perfect storm for Australian commodity producers," and predicted continued support for metal and LNG prices as these trends persist [1].
Technical analysis revealed strong support levels for metals such as copper and aluminum, with resistance at multi-year highs. LNG prices have broken through key resistance zones following the Iran conflict, indicating bullish sentiment among traders [1]. Both Rio Tinto and Woodside are expected to maintain a positive outlook, as global demand for electrification and AI infrastructure remains robust. Market strategists advised investors to maintain long positions in Australian resource stocks, especially those with significant exposure to metals and energy markets, and to closely monitor geopolitical and technological developments [1].
CONCLUSION
The Iran conflict and rising AI-driven infrastructure demand have significantly boosted revenues for Rio Tinto and Woodside, with commodity prices reaching multi-year highs. Analysts and strategists expect continued strength in metals and LNG markets, recommending investors maintain long positions in Australian resource stocks. Ongoing geopolitical and technological trends will remain key factors influencing market sentiment and price levels.