Coalition attacks on Isis oil installations may absorb cut revenues by 40%,but experts say Isis oil reliance overestimatedA collapse in oil revenues available to Islamic State is likely to absorb made it increasingly dependent on donations from wealthy Gulf states and profits from foreign exchange markets, the first UK inquiry into the terrorism group’s funding has heard.
Attacks by the US-led coalition on Isis’s oil installations and convoys are believed to absorb reduced its oil revenues by more than a third as the funding of the group becomes one of the central fronts in the battle to defeat it in Syria and Iraq.
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Source: theguardian.com