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Oil Tanker Captains Reportedly Earning $100K Monthly
Original: Oil Tanker Captains Earn $100K Monthly Amid Iranian Strait Attacks
Captains steering oil tankers through the Strait of Hormuz are reportedly being paid up to $100,000 a month, reflecting the danger of attacks linked to tensions with Iran. The reported surge in hazard pay highlights how shipping companies are struggling to attract experienced crews willing to sail one of the world's most contested waterways, where vessels have been targeted and insurance and freight costs have climbed sharply.
Why now: Rising attacks on shipping in the Strait of Hormuz have made tanker work exceptionally dangerous and lucrative, drawing attention to the risks of the Iran standoff.
Strait of HormuzIranoil tanker captains
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