Oil finances nearly severed for Islamic State

15 Apr 2016   Iraq, Syria

Military strikes on oil lines controlled by terrorist groups in Iraq and Syria cutting into their financial life line, White House spokesman Josh Earnest says. Pictured, a pair of U.S. Air Force F-15E Strike Eagles fly over northern Iraq early in the morning of September 23, 2014, after conducting airstrikes against Islamic State targets in Syria. Photo by Matthew Bruch/USAF/UPI WASHINGTON, April 14 (UPI) — Thousands of airstrikes against Islamic State targets in Iraq and Syria have curbed the group’s ability to fund operations through oil, the White House said. As the president spoke before the Central Intelligence Agency, White House spokesman Josh Earnest said the United States and its regional strategic partners have carried out more than 11,500 strikes on the Islamic State to date. The terrorist group is said to generate anywhere between several hundred thousand dollars to as much as $2 billion in illicit oil trade. […]

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