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Senate Republicans explore Panama Canal takeover, Cruz rips Central American nation as ‘bad actor’
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January 28, 2025
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0:49Now PlayingA top Senate Republican accused Panama Tuesday of violating the treaty giving the Central American nation control over the vital Panama Canal shipping lane — saying the country had waved through illicit transfers of crude oil by Iran and exposed itself to dangerous Chinese influence.
“Even as it takes advantage of the global maritime system, Panama has emerged as a bad actor,” charged Senate Commerce, Science and Technology Chairman Ted Cruz (R-Texas).
“Panama has for years flagged dozens of vessels in the Iranian ghost fleet, which brought Iran tens of billions of dollars in oil profits to fund terror across the world. And Chinese companies have won contracts, often without fair competition, as [Beijing’s] infamous Belt and Road Initiative has come to Panama.
“China often engages in debt-trap diplomacy to enable economic and political coercion in Panama,” Cruz went on. “It also seems to have exploited simple corruption.”
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#panama #canal #senate
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