French LNG ship transits Hormuz Strait
A French LNG carrier crossed the Strait of Hormuz on Thursday for the first time since the beginning of the war in the Middle East, following the signing of a memorandum of understanding between the United States and Iran to end the conflict and open the strait. The vessel was transporting 76,353 tons of gas from Qatar to Pakistan, and it is expected that transit will gradually resume amidst uncertainty regarding passage procedures, fees, and security risks. Before the war, the strait saw weekly crossings of 650 to 770 ships, and mechanisms to return to previous levels are still under negotiation.
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