Treasurer Pellicciotti asked whether recent oil‑price spikes and rising interest rates will be incorporated in the revenue review; Dr. Wright said oil assumptions come from futures markets and the revenue review will use the latest futures pricing, and that interest rates are modeled and updated.

Vice President JD Vance told reporters the U.S. response to Iran's attacks aims to protect commercial shipping and said the conflict will end when Iran stops shooting at commercial vessels; he warned the Strait of Hormuz disruptions are a principal driver of current high pump prices.

The Department of Revenue told the Senate Finance Committee on March 16 that spring updates lift unrestricted revenue by about $545 million for FY2026 and $510 million for FY2027 — driven mainly by higher oil‑price assumptions — while cautioning that market volatility leaves sizable upside and downside risk.

Alaska's Department of Revenue presents fall 2024 revenue forecast, highlighting key economic assumptions and changes.

Alan Knutson presented S&P Global's March update, which projects Brent prices averaging about $75 in 2026 and raises the four-major-tax forecast modestly; an alternate oil-price scenario could add about $242 million in oil-and-gas tax collections and lift the Strategic Investment Fund balance to roughly $415 million.