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Shipping companies offering captains $US100k a month to transit Strait of Hormuz

AI Market Summary
Hormuz transits have collapsed from roughly 125 tankers a day to about 10 as Iran and the US enforce competing blockades, forcing shippers to pay captains up to USD 143k monthly. That spike in war-risk crewing, freight and insurance costs signals a materially tighter effective crude supply chain, keeping upside pressure on Brent and raising escalation risk across energy-linked assets.
Impact level
● High
Affected assets
NCCO1OILBRENT2USD/USDT+0.37%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
▲ Bullish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Oil tanker captains in the Persian Gulf are being paid up to $US100,000 a month to navigate the Strait of Hormuz, industry insiders and maritime unions say.
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