French-owned ship passes through Strait of Hormuz

French-owned ship passes through Strait of Hormuz17 minutes agoShareSaveAdd as preferred on GoogleRachel ClunBusiness reporterGetty ImagesA French-owned ship has passed through the Strait of Hormuz, more than a month after the US-Israeli war with Iran effectively closed the vital transport route.The Malta-flagged container ship owned by French company CMA CGM crossed the Strait, media organisation BFM TV - which is owned by the shipping company - confirmed on Friday. CMA CGM declined to comment.It is the first ship owned by a major Western European firm to go through the strait since the conflict began, shipping analysts Kpler confirmed.While Iran has said "non-hostile vessels" can use the waterway, the ongoing conflict - in which several ships have been attacked - has halted normal transport activity.Tracking data showed the French-owned ship passed close to the coast of Oman on the opposite side of the waterway to Iran. It's not known what the ship was carrying.A Japanese oil tanker also followed the same route out of the Strait of Hormuz.Several ships that made the journey through the strait on Thursday hugged "unusually close" to the coast of Oman, according to maritime news and intelligence service Lloyd's List.US President Donald Trump has said America could reopen the strait."With a little more time, we can easily OPEN THE HORMUZ STRAIT, TAKE THE OIL, & MAKE A FORTUNE," he wrote on Truth Social. "IT WOULD BE A "GUSHER" FOR THE WORLD???"About a fifth of the world's oil and liquid natural gas is transported through the Strait of Hormuz from the Gulf countries.But when the conflict began in late February, shipping was suspended, leaving about 200 vessels stranded in the surrounding waters according to Lloyd's List.The dramatic slowdown in traffic through the strait has led to skyrocketing global oil prices, which in turn has caused fuel prices to rise and led to fears of higher inflation a...