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Repeated attacks around the Strait of Hormuz are weighing on the recovery of Middle East crude exports and forcing shipowners to pay materially higher risk compensation. Captains on Hormuz transits can now earn up to $100,000 a month plus one-off $50

2026-10-07

Repeated attacks around the Strait of Hormuz are weighing on the recovery of Middle East crude exports and forcing shipowners to pay materially higher risk compensation. Captains on Hormuz transits can now earn up to $100,000 a month plus one-off $50,000 transit bonuses; ordinary crew are receiving 4–6x normal pay. For context, typical captain pay is about $15,000/month and ordinary crew about $1,500/month. Shipowners are also paying war-risk/hull premiums equal to roughly 6–10% of vessel value per transit; for a VLCC single voyage that premium can reach as much as $20m.

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2026-10-07

EIA expects US crude oil production to rise by 210,000 bpd in 2026, up from a prior forecast of 170,000 bpd.

EIA expects US crude oil production to rise by 210,000 bpd in 2026, up from a prior forecast of 170,000 bpd.
2026-10-07

According to Japan's Kyodo News, sources familiar with the matter revealed that Japan may mention nuclear-powered submarines in a key security document to be revised by the end of the year, listing it as a topic for further research and discussion. S

According to Japan's Kyodo News, sources familiar with the matter revealed that Japan may mention nuclear-powered submarines in a key security document to be revised by the end of the year, listing it as a topic for further research and discussion. Some lawmakers within the ruling coalition hope that Japan will consider acquiring nuclear submarines, but the issue remains sensitive. Sources said that if such submarines are mentioned in the relevant documents, the wording is unlikely to imply that Japan has decided to acquire them.
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