Iran war and AI demand help drive revenue at Rio Tinto, Woodside

CommoditiesAustralian commodity producers benefit as LNG and metal prices surgeRio Tinto's exposure to the global tech trends of electrification and data center construction helped deliver a major earnings jump for the miner. © ReutersSHAUN TURTONJuly 29, 2026 13:41 JSTCANBERRA -- Commodity price rises due to the Iran war and a data center surge driven by artificial intelligence demand are boosting revenues for Australia's major resource companies, with Woodside and Rio Tinto reporting significant revenue jumps on Wednesday.