Rolling coverage of the latest economic and financial newsThe strait of Hormuz: what is it, and why does it matter to global trade?Price of oil could spike after Iran’s parliament votes to close key shipping routeThe eurozone economy has continued to flirt with stagnation this month, with little growth in its key sectors.The latest survey of purchasing managers across the euro area, just released by S&P Global, shows that the eurozone services sector is stalling this month, while factory growth slowed.“The eurozone economy is struggling to gain momentum. For six months now, growth has been minimal, with activity in the service sector stagnating and manufacturing output rising only moderately.In Germany, there are signs of a cautious improvement in the situation, but France continues to drag its feet. The momentum evident in the official growth figure of 0.6 percent for the first quarter is unlikely to have carried over into the second quarter, especially since special factors su...