U.S. Justice charges 5 people for allegedly conspiring to violate Iran oil sanctions

WASHINGTON, Feb 11 (Reuters) - The U.S. Justice Department said on Tuesday it has charged five people in Texas and New York for allegedly conspiring to violate Iran oil sanctions by arranging to purchase oil from Iran and sell it to a refinery in China.

The defendants include Daniel Ray Lane, president of privately held STACK Royalties, a Texas-based company that sells oil and gas mineral rights to investment funds and private equity groups. (Reporting by Timothy Gardner and Daphne Psaledakis Editing by Leslie Adler)