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Market Impact: 0.25
Mercuria Says Rival Fears Made Baltic Keep Disputed Tanker Rate
Source: Bloomberg
Geopolitics & WarCommodities & Raw MaterialsTransportation & Logistics
Commodity trader Mercuria Energy Group accused the Baltic Exchange of continuing to publish the global benchmark oil-tanker rate despite distortions linked to the Iran war. Mercuria alleged the exchange feared losing business to a competitor; the article provides no estimate of the rate distortion or resulting market impact.
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