Two US men jailed for conspiracy to sell Iranian oil to China
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Two men, Zhenyu Wang and Daniel Ray Lane, have been sentenced to 45 months in prison for conspiracy to sell Iranian oil to China. They were convicted by a U.S. jury in November for violating sanctions imposed by Washington and for conspiracy to commit money laundering. The scheme involved facilitating the purchase of sanctioned oil from Iran, masking its origins, and selling it to a refinery in China. Lane, the president of Stack Royalties, a Texas-based company, was approached by undercover government agents who offered him millions of dollars in profits to participate in the scheme. Two co-conspirators have pleaded guilty in the case. China remains the world's major importer of Iranian oil despite U.S. sanctions imposed in 2018.

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https://www.voanews.com/a/two-us-men-jailed-for-conspiracy-to-sell-iranian-oil-to-china-/7652109.html