Who owns worldwide corals?

Who exactly owns the world's coral reefs? Are they considered public property, or do they belong to specific nations or individuals? With the increasing threat of coral bleaching and degradation due to climate change, it's crucial to understand who is responsible for their protection and preservation. Are there international agreements in place to ensure their longevity, or are they left vulnerable to exploitation and neglect? As the ocean's biodiversity continues to decline, it's imperative that we address the question of coral ownership and take action to safeguard these vital ecosystems.