US urges Panama to remove flag from rogue Iranian ships

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PANAMA CITY: A US special envoy on Wednesday urged Panama to stop Iranian ships from flying its flag, which allows Tehran to evade sanctions imposed by Washington.
The small Central American nation is the world leader in offering flags of convenience, which allow shipping companies to register their vessels in countries to which they have no link — for a fee and freedom from oversight.
“Iran and actors related to Iran are trying to evade sanctions here in Panama. They’re trying to abuse Panama’s flag registry,” said Abram Paley, US deputy special envoy for Iran.

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