Strait of Hormuz transit signs

The transit of the CMA CGM vessel comes after French President Emmanuel Macron criticized US military intervention and called for a new world order.

A Japanese LNG tanker also reportedly made the crossing, suggesting that Iran may be selectively allowing ships from 'non-hostile' nations to pass.

Despite these movements, nearly 3,000 other vessels remain stranded in the Persian Gulf, held hostage by the ongoing regional war.

The US has responded by doubling its reinsurance guarantees to $40 billion to encourage more shipping companies to risk the passage.