Business activity in the eurozone contracted for the first time in 16 months in April, as the war in the Middle East drove energy prices higher and disrupted global supply chains, a closely watched survey showed Thursday.

The Flash Eurozone purchasing managers' index (PMI) published by S&P Global, an important gauge of the overall health of the economy, registered a figure of 48.6 this month, down from 50.7 in March.

A senior Iranian parliament official said on Thursday that Tehran has received the first revenue from tolls it imposed on the strategic Strait of Hormuz in its war with the United States and Israel.

"The first revenue received from the Strait of Hormuz tolls was deposited into the Central Bank account," said deputy speaker of parliament Hamidreza Hajibabaei, according to Tasnim news agency.

The flow of Russian oil to Slovakia through the Druzhba pipeline that crosses Ukraine has resumed, Slovak Economy Minister Denisa Saková said Thursday.

Hungary and Slovakia have been locked in an escalating feud with Ukraine since Russian oil deliveries to Hungary and Slovakia were halted in January.

Inflation in the U.K. climbed in March after a sharp jump in prices at the pump in the wake of the disruption to energy supplies caused by the Iran war, official figures showed Wednesday.

The Office for National Statistics said the annual consumer price inflation rate increased to a three-month high of 3.3% from 3% the previous month. The rise was in line with market expectations.

France is investigating allegations that two Lebanese banks transferred billions of dollars out of the country despite strict capital controls during a financial crisis, a source close to the case and lawyers said Monday.

Oil prices climbed more than 5% and Wall Street veered toward losses before the opening bell Monday as a standoff between Iran and the U.S. prevented tankers from using the Strait of Hormuz.

Futures for the S&P 500 also fell 0.5% while futures for the Dow Jones Industrial Average slid 0.6%. Nasdaq futures also were off by 0.5%.

Chinese President Xi Jinping told Saudi Arabia's Crown Prince Mohammed bin Salman in a phone call on Monday that "normal traffic" through the vital Strait of Hormuz "should be maintained", state media said.

Xi also stressed in the call that China "advocates for an immediate and comprehensive ceasefire", state broadcaster CCTV said.

Oil prices plunged Friday after Iran's Foreign Minister Abbas Araghchi said the vital Strait of Hormuz was "completely open" for commercial tankers and cargo ships during the U.S.-Iran ceasefire.

International benchmark Brent North Sea crude plunged 10 percent to $89.11 a barrel, after earlier falling five percent on U.S.-Iran peace deal hopes.

The leaders of France and the U.K. gathered dozens of countries — but not the United States — on Friday to push forward plans to reopen the Strait of Hormuz, a key oil route choked off by the U.S.-Israeli war on Iran.

The Paris meeting is part of attempts by sidelined nations to ease the impact of a conflict they didn't start and haven't joined, but that has sent the global economy reeling. After the war started on Feb. 28, Iran effectively shut the narrow strait though which a fifth of the world's oil usually passes.

The Iran war has stalled the world's economic momentum this year, likely pushing growth lower compared to 2025, the International Monetary Fund warned Tuesday.

The IMF downgraded its forecast for global growth to 3.1% in 2026 from the 3.3% it had forecast back in January. The expected growth would mark a deceleration from a 3.4% expansion in 2025.