Ships’ captains paid $100,000 a month to transit Strait of Hormuz
Salaries and bonuses spiral for seafarers willing to risk perilous trip through waterway in face of Iranian attacks
Source: Financial Times
―
DW NOTE
The Strait has been effectively closed for seven months. Captains are now paid what surgeons earn annually — for a single transit through waters where the Iranian Navy decides who moves and who doesn't. That's not a risk premium, that's a measure of how completely normal commercial passage has collapsed.