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flag Mercuria sues Baltic Exchange for publishing unreliable crude index during U.S.-Iran conflict.

flag Mercuria has sued the Baltic Exchange, claiming it lost hundreds of millions due to the exchange continuing to publish its TD3C crude tanker index during the U.S.-Israeli conflict with Iran. flag The company alleges the index became unreliable as the Strait of Hormuz effectively closed, causing volatility that distorted physical contracts and derivatives. flag The Baltic Exchange declined to comment, citing established guidelines and market consultations.

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