Samantha Fields

Hugh Daigle at the University of Texas at Austin says that's why gas prices here are spiking, but we're not seeing shortages.

Hugh Daigle at the University of Texas at Austin says that's why gas prices here are spiking, but we're not seeing shortages.

because they are more dependent on oil from the Gulf.

because they are more dependent on oil from the Gulf.

Many Asian and Western European countries also rely heavily now on liquefied natural gas, or LNG, from the region.

Many Asian and Western European countries also rely heavily now on liquefied natural gas, or LNG, from the region.

And some of that damage to gas and oil infrastructure could take years to repair.

And some of that damage to gas and oil infrastructure could take years to repair.

Clayton Siegel at the Center for Strategic and International Studies says how deep and lasting the global economic damage from all of this is will depend on how long the war lasts.

Clayton Siegel at the Center for Strategic and International Studies says how deep and lasting the global economic damage from all of this is will depend on how long the war lasts.

It can last for a long time.

It can last for a long time.

I'm Samantha Fields for Marketplace.

I'm Samantha Fields for Marketplace.

Sudden conflict and uncertainty almost always cause volatility in the mortgage market.

But Daryl Fairweather at Redfin says you can't always know in advance whether the effect will be negative or positive.

This time, so far, Susan Wachter at the University of Pennsylvania says concerns about rising oil prices seem to be winning out.

Fear of that happening is what has pushed the yield on 10-year Treasury bonds up and mortgage rates up along with it.

But Fairweather at Redfin says there are other factors at play, too.

And she says that data could have as much or more of an impact on mortgage rates than the conflict in the Middle East.