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Hapag-Lloyd warns chaos in Strait of Hormuz becomes 'new normal' amid Tehran's oil shipment shift
Shipping giant Hapag-Lloyd warns that a 'new normal' of heightened risk and uncertain regulation is impacting the Strait of Hormuz due to escalating military strikes and conflicting routing directives.
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.
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