US Treasury Secretary: Iran's funding for proxies declining

US Treasury Secretary Scott Besent stated Wednesday that efforts to isolate Iran economically have been highly successful, noting that funding for Tehran's proxies is decreasing, according to Ajel English.

In a separate budget statement on Wednesday, British Treasury chief John Healey addressed the economic consequences of the conflict in the Gulf. Fortune reports that Healey intends to provide support to households and businesses facing rising energy bills, pump prices, and mortgages. To assist 20 million lower- and middle-income households, the budget includes a one-off 100-pound payment this winter, alongside an extended sales tax cut on electricity bills and the removal of a charge on gas bills.

Brief written by urgent.news from Ajel English, Fortune — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.