Hapag-Lloyd warns chaos in Strait of Hormuz becomes 'new normal' amid Tehran's oil shipment shift

Shipping giant Hapag-Lloyd warns that chaos in the Strait of Hormuz has become a 'new normal' due to escalating military strikes and conflicting routing directives, as Tehran shifts 4 million barrels of oil away from the region. The uncertainty is affecting global supply chains and trade routes. Hapag-Lloyd notes that the situation has raised concerns about increased risk and unpredictable regulation in the area. The company urges caution for ships navigating the strait amid heightened tensions.