https://www.live-feeds.com/feed/ships-captains-paid-100-000-a-month-to-transit-strait-of-hormuzContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/ships-captains-paid-100-000-a-month-to-transit-strait-of-hormuzhttps://www.live-feeds.com/feed/ships-captains-paid-100-000-a-month-to-transit-strait-of-hormuz#u116995Mon, 12 Oct 2026 01:45:37 +0000Oil tanker captains are being offered $100,000 a month, plus $50,000 per trip, to handle the Strait of Hormuz amid rising tensions and attacks in the region. This rate is reportedly a significant increase from previous offers, reflecting the growing risks and costs associated with shipping oil through the strategic waterway. The surge in payments to captains and crews is a response to the heightened danger of transiting the strait.Why it mattersThe Strait of Hormuz is a critical passage for global oil shipments, and recent attacks have driven up insurance costs and freight rates. The increased