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Sailor pay soars for Strait of Hormuz transits amid Iran war
Original: The Hormuz bonus: Sailor salaries soar for transits amid Iran war
Shipping companies are reportedly paying sailors sharply higher salaries to transit the Strait of Hormuz as the conflict with Iran makes the route riskier. The extra pay, dubbed the 'Hormuz bonus', reflects the danger premium crews now command for sailing through the strategic oil chokepoint, with vessel owners struggling to staff voyages through the region.
Why now: The Iran conflict has made Strait of Hormuz transits dangerous, driving up compensation for seafarers.
Strait of HormuzIranAl Jazeerashipping industry
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