Mercuria Accuses Baltic Exchange of Distorted Hormuz Tanker Rates

Mercuria Energy Group alleges the Baltic Exchange continues publishing the benchmark oil tanker rate despite war-induced distortions in the Strait of Hormuz, claiming the exchange fears losing business to a competitor. The dispute highlights the unreliability of key shipping benchmarks during conflict, potentially affecting oil freight pricing and derivatives. The outcome could reshape how tanker rates are assessed in conflict zones.

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