Emergency Contact Trade with Yemen and Risks in the Red Sea Home Latest updates News Trade with Yemen and Risks in the Red Sea 25 Sept 2025 Download the Circular Sign up for alerts Sanctions compliance and operational maritime safety remain areas of heightened concern, and Members who intend to engage in trade connected to Yemen are recommended to exercise extreme caution. This guidance is for information only and is subject to change depending on the developing situation in the region. Decisions regarding the use of armed security, trade routes, or implementing other protective measures rest entirely with the vessel operator. Members’ attention is drawn to the International Group (IG) circular published on 28 April 2025 and a Club circular published on 22 January 2024 which highlights sanctions updates in connection to Yemen and the legal implications on shipping in the Red Sea.   Sanctions considerations Ansarallah Involvement : Transactions involving Ansarallah (‘Houthis’) present significant sanctions risk exposure. Particular attention must be given to dealings or transactions with entities owned and controlled (50% or more) by Ansarallah and be treated as high-risk counterparties. Petroleum Products: There are restrictions on the delivery, offloading, or facilitation of petroleum products into Yemen where there is an Ansarallah involvement or port under Ansarallah control. Any Member considering the delivery of cargoes, including refined petroleum products to Yemen is strongly urged to undertake stringent due diligence as to the ownership of the intended port of discharge and the identity of the cargo receiver. Enhanced Due Diligence : Ensure comprehensive screening of counterparties, cargoes and trade routes to avoid direct or indirect links with sanctioned parties or restricted goods. Supply chains face heightened scrutiny, with vessels, insurers, and traders exposed to potential secondary sanctions or compliance violations. These risks make financing,