Germany maintains only limited economic relations with oil-rich Iraq – not least because of existing sanctions against Iran. However, many goods such as consumer goods and pharmaceuticals are unaffected, says Hans-Jakob Schindler of the Counter Extremism Project, a non-profit political organization. The security expert advises German companies to conduct their business with Iraq in euros whenever possible.

"In the latest episode of the “Sanctions Space” podcast, Justine Walker is joined by Edmund Fitton-Brown, senior advisor at the Counter Extremism Project and former U.K. ambassador to Yemen. They discuss the ongoing tensions in the Red Sea, the political situation in Yemen and the origin and aspirations of the Houthi group, as well as sanctions actions taken by the U.S. and others against the Houthis."