May 11, 2016

WINNING THE WoT:

Islamic State yearly oil revenue halved to $250 million: U.S. official (YEGANEH TORBATI, 5/11/16, Reuters)

A U.S.-led coalition has targeted the ultra-hardline Sunni Islamist militant group with airstrikes since it seized control of parts of Iraq and Syria in 2014. The U.S. military launched an intensified effort in October to go after its oil infrastructure in hopes of cutting funding to the group, which U.S. officials call the wealthiest terrorist group of its kind.

Those strikes, along with a drop in the international price of oil, counter-smuggling efforts by Turkey, and difficulties Islamic State has in transporting its oil across battle lines have combined to halve its oil revenues, said Daniel Glaser, assistant secretary for terrorist financing at the U.S. Treasury's Office of Terrorism and Financial Intelligence.

Posted by at May 11, 2016 8:06 PM

  

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