Oil prices eased after a U.S.-Iran cease-fire framework, but 10-year Treasury yields, grid costs and AI-driven power demand remain central risks for commercial real estate owners, developers and planning leaders.
The U.S. struck Iran near the Strait of Hormuz and Brent fell toward $91, but the 10-year Treasury near 4.52% shows the cost of money never came down. Part 15 reads the market's numbness for property owners.
A Kuwait airport strike has upended late-May optimism around a U.S.-Iran cease-fire, pushing oil risk, Treasury pressure, and refinancing uncertainty back into focus for commercial real estate owners and distributed energy investors.
Part 13 in our ongoing coverage of the Mideast conflict and its implications for property, infrastructure, and the built environment.
Mideast Energy War analysis: oil near $106–108 as the 30-year Treasury crosses 5.1% and the 10-year hits ~4.61%. What this decoupling means for cap rates, DSCR, Section 179D timing, and DER-driven NOI for commercial real estate.
As of May 13, 2026: Brent ~$107, WTI ~$102, 10Y Treasury 4.4%. AI infrastructure investment remains strong (~$110B YTD). PJM capacity prices are rising. Key energy tax incentives may sunset June 30, 2026. Biggest constraints: equipment lead times.