The UN Development Programme (UNDP) has started implementing a project to prevent a massive oil spill from a supertanker off Yemen's Red Sea coast with the removal of more than 1 million barrels of oil from the decaying vessel.
The FSO Safer has been at risk of breaking up or exploding for years. A major spill from the vessel would result in an environmental and humanitarian catastrophe.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.