Shipowners Offer Huge Bonuses to Get Crews to Sail Hormuz

Shipowners are offering bonuses of up to six months extra pay to crew willing to sail through the Strait of Hormuz.

The bonuses aim to offset risks from regional tensions and potential attacks in the vital oil shipping channel.

Seafarers face a stark choice between large financial rewards and the danger of transiting a conflict zone.

The Strait of Hormuz handles about 20% of global oil supply, making it a critical chokepoint for energy markets.