Houthi missile and drone attacks in the Red Sea have not caused a significant increase in oil prices, surprising experts who predicted a larger impact. The attacks have targeted commercial vessels, with over 100 incidents reported by the US. Despite the attacks, Brent Crude only rose by 0.6% to $79.70 a barrel. Analysts believe that the impact on the oil market may be limited due to an abundance of new oil supply, tensions between Iran and the US not affecting Iran's oil exports and predictions of weak oil demand.