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

News Snapshot:

Two Texas men convicted by a US jury in November of trying to sell Iranian petroleum in violation of 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, 43, a Chinese citizen, and Daniel Ray Lane, 42, of McKinney, Texas, schemed with co-conspirators to evade US 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....