Shipping firms offer $100k bonuses for captains to navigate Strait of Hormuz

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Shipping companies are reportedly offering one-time bonuses of up to $100,000 to captains willing to sail through the Strait of Hormuz. This incentive is a response to recent Houthi attacks on commercial vessels in the region. The payments aim to mitigate risks and ensure the crucial shipping lane remains operational. The strait is a vital passage for approximately one-fifth of global oil consumption.

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