Elemental mercury (Hg-0) can be found in liquid or dissolved forms in aquatic systems. Whereas dissolved Hg-0 is measured in virtually all aquatic systems, liquid Hg-0 droplets are mainly observed at poorly lit sediment/water interfaces of ecosystems with local point sources such as hydrothermal vents, gold extraction sites, and near industrial facilities. Here, we report that, in the dark, liquid and dissolved forms of Hg behave differently with respect to their oxidation. Liquid Hg-0 is rapidly oxidized in oxygenated solution in the presence of chloride. Liquid Hg-0 oxidation rates are positively correlated with chloride concentrations and droplet surface area. When liquid Hg is removed from solution, the oxidation stops even though the solution is still saturated with dissolved Hg-0. Liquid Hg-0 droplets in oxygenated marine or brackish environments should be oxidized and release Hg2+ to solution. In freshwaters or anoxic seawater, liquid Hg will dissolve releasing Hg-aq(0) which, itself, will slowly oxidize.