NewzThe International Energy Agency calls for urgent reopening of the strait of Homuz amid ongoing pressure on global oil suppliesOne of the biggest contractors on the HS2 railway has said a renegotiation of its contracts will not result in lower revenues as the government tries to stop its budget ballooning.Balfour Beatty, a FTSE 250-listed construction company, on Wednesday raised its guidance for future profits as it said benefited from spending on UK energy and transport infrastructure, confirmed defence spending plans, and strong demand for datacentre construction in the US.The reset is not about future revenue. It’s about ensuring we’re all aligned.We’re delivering incredibly well on the project, hitting all the key milestones.The price of petrol appears to have finally reached an Iran war peak, having risen 11p over 33 consecutive days.While prices should fall a little in the coming days, this may be short-lived as the cost of a barrel of oil has climbed almost $10 in the last week towards $90.The current situation shows just how volatile fuel prices are and how drivers in the UK are at the mercy of global events.
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