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Strait between the Persian Gulf and Gulf of Oman
The Strait of Hormuz is a waterway between the Persian Gulf and the Gulf of Oman. On the north coast lies Iran, and on the south coast lies the Musandam Peninsula under the Musandam Governorate of Oman, with a portion of the southwest of the peninsula under the United Arab Emirates (UAE). The strait is about 104 miles long, with a width varying from about 60 mi to 24 mi.
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Tanker captains can earn $100,000 a month for transiting the strait, plus a $50,000 bonus for each trip, and sailors can make at least four to six times their normal rates.
As attacks continue to mount on shipping vessels transiting the Strait of Hormuz, a seafarer's union official says some crews are being offered big rewards for making the crossing.
Oil tanker captains in the Persian Gulf are being paid up to $US100,000 a month to navigate the Strait of Hormuz, industry insiders and maritime unions say.