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Shipping Firms Offering Sailors Massive Bonuses To Risk Crossing Hormuz
Shipping Firms Offering Sailors Massive Bonuses To Risk Crossing Hormuz
Via The Cradle
International shipping firms are offering crews large bonuses to transit the Strait of Hormuz despite the risks involved, Bloomberg reported Monday.
Sinokor Group, the world's largest owner of supertankers, offered its crews six months of extra salary to make a return voyage collecting oil from Saudi Arabia or Iraq and unloading it in the Gulf of Oman, a trip the company said would take around a month, according to a document seen by Bloomberg.
Iranian military speedboats, illustrative file image
Captain Pradeep Chawla, chairman...
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May 26, 2026 / Dave DeCamp
Israeli Attacks Across Gaza Kill at Least Seven Palestinians
Israeli attacks across Gaza on Tuesday have killed at least seven Palestinians as the Israeli military continues its constant violations of the US-backed ceasefire deal. Medics told Reuters that Palestinians were killed when they came out of their homes in the Maghazi refugee camp in central Gaza as an Israeli-backed militia was attempting to storm […]
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Jun 27, 2026 / Tyler Durden
Iran Escalating With Drone Attack On Bahrain, Yet Another Hit On Foreign Vessel In Hormuz Strait
Iran Escalating With Drone Attack On Bahrain, Yet Another Hit On Foreign Vessel In Hormuz Strait
A lot of escalation has ensued in the last 48 hours, after starting Thursday Tehran struck a commercial ship in the Strait of Hormuz, after which by end of Friday US CENTCOM confirmed a series of fresh attacks on Iranian missile and drone storage sites as well as coastal radar installations, reportedly on Sirik Island located near the Strait of Hormuz.
Referring to Thursday's attack on a vessel off Oman, the Pentagon called it a "powerful response...
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Mar 7, 2026 / Tyler Durden
The AI Trade: Now With Less Circle And More Jerk
The AI Trade: Now With Less Circle And More Jerk
Submitted by QTR's Fringe Finance
As if markets didn’t already have enough to worry about heading into the weekend — an escalating conflict involving Iran, growing stress in private credit, and the ongoing annoyance of positive real interest rates — one of the “AI will solve everything, just add capex” deals that everyone in markets have been quietly laughing about while investing in for the past year has officially started to unravel.
According to Bloomberg, Oracle Corporation and OpenAI have scrapped plans to expand...
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