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World

Stranded Sailors Face Risk in Strait of Hormuz as Shipbroker Posts Record Earnings

Thousands of civilian workers remain stranded on ships in the Strait of Hormuz, caught in the crossfire of the Iran war and at risk of attack by Iran. On one vessel, sailors have been held by the Iranian navy for more than three months.

Meanwhile, the world's largest shipbroker is notching record earnings from what it calls the 'exceptional volatility' in the strait. A maritime trade expert said geopolitical chaos actually increases the importance of such firms because people are becoming more desperate.

The developments highlight the war's dual impact: a humanitarian crisis for seafarers and a financial windfall for some in the shipping industry.

This summary was written by AI from the source reports listed above. It may contain errors. Please check the original source before relying on it. Spotted something wrong? Email auditor@trendingwire.news and we will correct or remove it.
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