situation report

Aug 15, 2019 | 13:16 GMT

1 min read

Panama: Canal Operator Says It Won't Block Passage of Vessels From Venezuela

What Happened: The head of the Panama Canal Authority said it would not block vessels originating in Venezuelan ports from traversing the waterway, Reuters reported Aug. 14.

Why It Matters: The announcement indicates that the latest round of U.S. sanctions on Venezuela, which prohibit all transactions with the administration of President Nicolas Maduro, would not affect the transit of tankers carrying Venezuelan oil to Asian markets through the canal.

Background: The canal's operations are governed by a treaty of neutrality, which the canal operator noted applies to "innocent passage" of all vessels.

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