Dennis K. Burke, Inc. Market Updates

Back-and-Forth Iran Talks Keep Markets on Edge

Written by Mark Pszeniczny | May 7, 2026 11:45:00 AM

 Once again the market is reacting to the sound bites given on the Iranian ordeal. Late Tuesday night we “were close to a deal”, causing a massive sell off in futures with many of us waking up to ULSD screens down over $.40. Those losses were tempered by yet another clip that stated “it might be too soon for direct talks”. Huh? To quote Vince Lombardi…. “What the hell’s going on out here”? Reality is, vast majority of these talks are through back channels and intermediaries, and only when a deal is agreed upon is when a formal meeting will take place. So expect much of the same until that happens. As expected, a jump in exports will play into pricing as we move forward in this climate. ULSD and JET fuel showed massive jumps in gallons moved overseas, up 23% and 200% respectively. It hasn’t caused any tightness in supply domestically, but as the summer demand increases you may see rack tightness. Not with DKB, as I mentioned, our in tank supply deals guarantee you fuel even in the worse conditions. We always want you to have as much insight into your supply and nightly pricing as possible and we are always willing to answer any questions you have.