Samantha Fields

Samantha Gross at the Brookings Institution says today, with the Strait of Hormuz largely closed, we've lost maybe 15 million barrels a day or 15 percent of supply.

Samantha Gross at the Brookings Institution says today, with the Strait of Hormuz largely closed, we've lost maybe 15 million barrels a day or 15 percent of supply.

This is also not the 1970s.

This is also not the 1970s.

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.