Strait of Hormuz shipping slows as tanker bonuses surge amid Iran war
Shipping through the Strait of Hormuz has fallen to its lowest level since July, according to shipping data cited in the supplied material, even as some tanker captains are being offered unusually large bonuses to take the route. The development points to a widening gap between the strategic importance of the waterway and the willingness of crews to transit it under current conditions. It also suggests that the maritime disruption around the Gulf is now affecting both traffic patterns and labour costs.The supplied material says some captains are earning base salaries of as much as $100,000, plus a $50,000 bonus... [Continue Reading]
360LiveNews | 08 Oct 2026 12:29 LONDON
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Iran oil transit speculation grows as exports through Hormuz stay elevated
A new report has added to speculation over how oil continues to move through the Strait of Hormuz despite persistent security risks. Provisional data from maritime tracking firm Kpler suggests crude exports from the wider Middle East exceeded pre-war levels on four days in the final week of September, reaching between 19.5 million and 22.5 million barrels per day. The figures come as analysts continue to weigh whether the flow of tankers is being sustained by military escort, ship-to-ship transfers, or some form of payment to secure passage.The latest discussion was prompted by comments from Michelle Brohard, Kpler's head of... [Continue Reading]
360LiveNews | 05 Oct 2026 14:30 LONDON
