oil revenue

Daesh Yearly Oil Revenue Halved to $250 mlm Claims U.S. Official

By Yeganeh Torbati WASHINGTON, May 12 – Air strikes, a drop in the price of oil, and counter-smuggling efforts by neighboring countries have combined to cut Daesh’s oil revenues in half to about $250 million per year, a senior U.S. Treasury official said on Wednesday. A U.S.-led coalition has targeted the ultra-hardline Sunni Islamist militant group

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