Panama rebuts accusations of aiding Iran's sanctions evasion

The government of Panama has issued a strong rebuttal to accusations made by United Against Nuclear Iran (UANI) regarding its role in enforcing sanctions against Iran’s oil trade. Panama’s Maritime Authority (AMP) has de-flagged more than 650 ships since 2019 as part of its compliance with the United Nations Convention on the Law of the Sea (UNCLOS) and efforts to combat terrorism financing and illegal fishing, the government said. The dispute intensified after UANI’s recent analysis revealed that 17% of vessels suspected of transporting Iranian oil—94 of the 542 tracked vessels—are currently sailing under Panama’s flag. This data has led to Mr Mark D. Wallace, CEO of UANI, calling for immediate sanctions against Panama, claiming the country has facilitated billions of dollars of Iran’s oil sales. Panama is defending its position by highlighting its ongoing collaboration with the US government, as per a report.

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