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EU leaders unanimously approved a proposal to “block” U.S. sanctions against European firms trading with Iran, officials announced Thursday. Following President Donald Trump’s decision to withdraw the United States from a global nuclear accord with Iran, the U.S. Treasury Department warned foreign firms to either “wind down” ties with the country by 90-day and 180-day deadlines or risk losing access to the U.S. financial system. The proposal advanced by the bloc’s 28 member states would amend a 1996 regulation by barring European parties from complying with U.S. sanctions against Iran suspended by the nuclear accord, including secondary sanctions against foreign...