"The Malta-flagged Kribi, owned by CMA CGM, crossed the Strait on April 2 and is the first French-owned vessel to make it through the channel since the US-Israeli war on Iran began on February 28."
"Only about 150 vessels, including tankers and container ships, have transited the strait since March 1, according to data firm Lloyd's List Intelligence. Most were linked to Iran and countries including China, India and Pakistan."
"Until the war led to the effective blocking of the Strait, it was the route for about a fifth of global oil and liquefied natural gas supplies. As a result, fuel prices have skyrocketed worldwide."
"US President Donald Trump insisted that petrol prices would fall quickly once the war concluded, but offered no solution for reopening the Strait of Hormuz."
The Malta-flagged Kribi, owned by CMA CGM, crossed the Strait of Hormuz on April 2, becoming the first French-owned vessel to do so since the US-Israeli war on Iran began. The ship changed its destination to Owner France, signaling its nationality to Iranian authorities before entering Iranian territorial waters. Since March 1, only about 150 vessels have transited the strait, primarily linked to Iran and countries like China, India, and Pakistan. The war has led to a significant increase in global fuel prices.
Read at www.aljazeera.com
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