### [2026-07-1](/feed/2026/07/1/index.md)

##### Economic impact of the 2026 Iran war
# The International Transport Workers' Federation and the Joint Negotiating Group of shipping owners announce they will continue to designate the Strait of Hormuz as a warzone, which doubles the pay of mariners there and gives them other benefits. 




### Sources:

1. [Al Jazeera](https://aje.news/313ayw?update=4722059)

### Related:

1. [The Iranian military command announces that the Strait of Hormuz is closed to traffic because of Israel's violations of the Islamabad Memorandum ceasefire in Lebanon. The Islamic Revolutionary Guard Corps Navy warns ships to stay away from the strait. ](/feed/2026/06/20/the-iranian-military-command-announces-that-the-strait-of-hormuz-is-closed-to-traffic-because-of-israel-s-violations-of.md) _Context: Strait of Hormuz, shipping_
2. [Iran's Persian Gulf Strait Authority states that tariffs and insurance will not be collected from ship owners during the 60-day period of the Islamabad Memorandum. However, it also calls for ships to register with it, and requires that a transit request for the Strait of Hormuz must be made 48 hours prior to arrival. ](/feed/2026/06/19/iran-s-persian-gulf-strait-authority-states-that-tariffs-and-insurance-will-not-be-collected-from-ship-owners-during-the.md) _Context: Economic impact of the 2026 Iran war, Strait of Hormuz_
3. [The CEO of Mitsui O.S.K. Lines, world's largest operator of tanker ships, says that it will take weeks to restore normal traffic through the Strait of Hormuz. ](/feed/2026/06/16/the-ceo-of-mitsui-osk-lines-world-s-largest-operator-of-tanker-ships-says-that-it-will-take-weeks-to-restore-normal.md) _Context: Economic impact of the 2026 Iran war, Strait of Hormuz_
4. [The Islamic Revolutionary Guards Corps Navy coordinates the passage of 24 commercial ships through the Strait of Hormuz over the past day after they obtained permission. ](/feed/2026/06/2/the-islamic-revolutionary-guards-corps-navy-coordinates-the-passage-of-24-commercial-ships-through-the-strait-of-hormuz.md) _Context: Strait of Hormuz, shipping_
5. ["The New York Times" reports that the U.S. Central Command has guided 70 commercial ships through the Strait of Hormuz in the last three weeks, using routes closer to the Omani coast. ](/feed/2026/05/31/the-new-york-times-reports-that-the-us-central-command-has-guided-70-commercial-ships-through-the-strait-of-hormuz-i.md) _Context: Strait of Hormuz, shipping_
6. [The U.S. Energy Information Administration reports that the oil flow through the Strait of Hormuz has fallen to 30% in the first quarter of 2026 as compared to the previous quarter. ](/feed/2026/05/13/the-us-energy-information-administration-reports-that-the-oil-flow-through-the-strait-of-hormuz-has-fallen-to-30-in-t.md) _Context: Economic impact of the 2026 Iran war, Strait of Hormuz_
7. [Saudi Aramco CEO Amin Nasser says that the oil market will not normalize until 2027 if the Strait of Hormuz remains closed beyond mid-June. ](/feed/2026/05/11/saudi-aramco-ceo-amin-nasser-says-that-the-oil-market-will-not-normalize-until-2027-if-the-strait-of-hormuz-remains-clos.md) _Context: Economic impact of the 2026 Iran war, Strait of Hormuz_
8. [Danish shipping company Maersk says that they will take a "cautious approach" for vessels to cross the Strait of Hormuz despite the ceasefire and says that they have not provided security certainty as to when normal operations would resume. ](/feed/2026/04/8/danish-shipping-company-maersk-says-that-they-will-take-a-cautious-approach-for-vessels-to-cross-the-strait-of-hormuz.md) _Context: Economic impact of the 2026 Iran war, Strait of Hormuz_
9. [Brent crude oil surpasses US$110 per barrel after Iran's Islamic Revolutionary Guard Corps Navy turned away three container ships and declared the Strait of Hormuz closed. ](/feed/2026/03/27/brent-crude-oil-surpasses-us-110-per-barrel-after-iran-s-islamic-revolutionary-guard-corps-navy-turned-away-three-contai.md) _Context: Economic impact of the 2026 Iran war, Strait of Hormuz_
10. [Danish shipping firm Maersk says that it is suspending all vessel transits through the Strait of Hormuz until further notice due to the ongoing conflict in the Persian Gulf. ](/feed/2026/03/1/danish-shipping-firm-maersk-says-that-it-is-suspending-all-vessel-transits-through-the-strait-of-hormuz-until-further-no.md) _Context: Economic impact of the 2026 Iran war, Strait of Hormuz_