Mercuria Gets October UK Trial in Multibillion Dollar Hormuz Spat

AI Summary

Commodity trader Mercuria Energy Group Ltd. is pursuing legal action over claims that the world's benchmark oil tanker rate has been distorted, potentially costing the company hundreds of millions of dollars. The trial is scheduled for October in the UK.

Commodity trader Mercuria Energy Group Ltd. was granted an early trial over an alleged distortion to the world’s benchmark oil tanker rate that it argues is costing the company hundreds of millions of dollars.