The ongoing conflicts in the Red Sea, particularly Houthi rebels' attacks on commercial ships, have raised global concerns about potential disruptions in oil supply and rising oil prices.

The United States and its allies have formed an international coalition, Prosperity Guardian, to protect the ships and ensure free flow of commerce in the region.

The conflict has led to a high number of Palestinian casualties and disruptions to global trade.

Efforts to address the situation include calls for a ceasefire, rerouting ships, and focusing on the safety of shipping routes.

Despite the ongoing conflict, the impact on oil supplies has so far been limited.

Analysts predict the attacks to continue, with commercial shipping remaining cautious.

Peace negotiations between the Houthis and Saudi Arabia are currently uncertain.