New Delhi, April 3 -- In a significant development, a container ship signaling French ownership exited the Strait of Hormuz on Friday. It is apperently the first known transit by a Western European vessel since the Iran-US-Israel conflict effectively halted traffic through the crucial waterway.

A Bloomberg report said, the CMA CGM Kribi sailed from waters off Dubai toward Iran on Thursday afternoon local time, signaling that its owner was French, according to ship-tracking data. It stuck close to the Iranian coast, moving through a channel between the islands of Qeshm and Larak, openly broadcasting its journey. On Friday morning, it signaled that it was off Muscat.

The Maltese-flagged vessel belongs to CMA CGM SA, the world's third-larg...