Two Us men jailed for conspiracy to sell Iranian oil to China

According to Reuters, two men from Texas Texas were convicted of trying to sell Iranian petroleum in violation of export sanctions imposed by Washington and of conspiracy to commit money laundering were sentenced on Tuesday to 45 months in prison, the Justice Department said. Zhenyu Wang, a Chinese citizen, and Daniel Ray Lane, of McKinney, plotted with co-conspirators to evade U.S. economic sanctions against Iran from July 2019 to February 2020 by facilitating the purchase of sanctioned oil from Iran, masking its origins and then selling it to a refinery in China, the department said in a statement. Lane was president of privately held Stack Royalties, a Texas-based company that sells oil and gas mineral rights to investment funds and private equity groups.