Iran deal optimism pushes oil price back below $100; UK builders hit by surge in costs – business live

Rolling coverage of the latest economic and financial newsClimate campaigners attack Shell over ‘windfall’ profits from Iran warThe Danish shipping giant Maersk has maintained its profit guidance for the year, even as it reported a spike in fuel costs and warned that traffic through the strait of Hormuz “remains at a near standstill”.The company, which transports goods around the world via sea, road, rail and air, said demand for shipping containers remained strong, but that war in the Middle East was ramping up costs.“The reopening of the strait of Hormuz, whether it happens in the days to come or the months to come, will have limited impact on cargo flows.What really are the most important factors to consider: first is our ability to mitigate the cost increases we have been suddenly face