Shipping giant warns Strait of Hormuz chaos is 'new normal' as Tehran shifts 4M barrels

A "new normal" of heightened risk and uncertain regulation is impacting the Strait of Hormuz, shipping firm Hapag-Lloyd warned Sunday, as military strikes escalated and conflicting routing directives plunged the waterway into operational chaos.

The remarks from the German shipping giant also came as Tehran "simultaneously" began moving millions of barrels of crude oil from Kharg Island for the first time in days, according to maritime intelligence firm Windward AI.

"At Kharg, the T-Jetty...