Yemen’s Ticking Oil Bomb Threatens the World Economy ...Yemen

By Bobby Ghosh   –  Bloomberg  Most of the limited international diplomatic energy devoted to ending the civil war in Yemen understandably goes to preventing the loss of lives, whether from bloodshed or famine. But now that a two-month truce between the belligerents has been extended, urgent action is required to forestall a different kind of calamity: an oil spill that could rank as one of the world’s worst environmental disasters and disrupt a vital global trade route. The civil war has both created and, for several years now, distracted attention from the fate of the FSO Safer, a decrepit oil supertanker, laden with 1.1 million barrels crude oil, which has been rusting in anchorage off th

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