Alaska forecasters predict Iran war’s disruption of oil industry will linger for months

By: James Brooks, Corinne Smith

Outlets: Alaska Beacon

Published: March 14, 2026

Words: 750

Last Updated: 4 months, 3 weeks ago

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The Alaska Department of Revenue is predicting that the Iran war will cause high oil prices for most of 2026, it said in a revised forecast published Friday.

Oil is no longer the No. 1 source of general-purpose state revenue in Alaska, but the higher wartime prices are expected to bring hundreds of millions of extra dollars to the state treasury.

Last fall, the department’s forecasters predicted $6 billion in state revenue for …

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