Chemicals Updates

Asia and Middle Eastern Jet Daily Market Analysis / US-Iran peace talks still uncertain / South Korea raises freight rebates to support US crude buying

May 21, 2026

The Asian jet fuel/kerosene complex was largely stable April 21, amid uncertainty around potential USIran peace talks later in the day. US President Donald Trump, speaking on The John Fredericks Show, said Iran would proceed with negotiations, despite limited indications from Tehran that it would participate in talks scheduled for later on April 21 in Pakistan. In contrast, Iranian foreign ministry spokesperson Esmaeil Baqaei said that Tehran had “no plans for the next round of negotiations,” stressing that Iran would not engage in talks under pressure or threats. Trump also said in a phone interview with Bloomberg that he believes the ceasefire with Iran is unlikely to be extended further if a deal is not reached, adding that it is set to expire on “Wednesday [April 22] evening, Washington time.”...

Exclusive market movement data, shipping lineups, demand signals and pricing rationale continue in full report.

Unlock complete article access with a paid account.

Continue Reading With Membership

This is a preview. Login and activate a paid plan to read the complete article.