The US has imposed new sanctions on an Iranian exchange house and 19 ships linked to a shadow fleet, continuing its pressure campaign against Tehran.

The Donald Trump administration on Tuesday imposed sanctions on an Iranian foreign currency exchange house and what it said were front companies overseeing transactions on behalf of Iranian banks as the US maintains pressure on Tehran. The move came after Iran ‌said its latest peace proposal to the United States over the US-Israeli led war that started February 28 involved ending hostilities on all fronts including Lebanon, the exit of US forces from areas close to Iran, and reparations for...