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Story summary
- Richard Walker, the UK government's cost of living adviser, urged ministers to consider a cap on energy and petrol profits.
- He warned against profiteering from rising energy prices due to Iran's blockade of the Strait of Hormuz.
- His comments follow indications that Chancellor Rachel Reeves might ease the windfall tax on energy profits.
- Centrica's chief executive Chris O'Shea warned energy price increases may be unavoidable if the conflict persists.
