The Islamic State of Iraq and Syria is well funded for a terrorist group, a Treasury official said Thursday, but it lacks the financial strength to fulfill its ambition of becoming a state and the U.S. is making gains in cutting off its revenues. Under Secretary for Terrorism and Financial Intelligence David Cohen said that the terrorist group has seen its most important revenue stream, sales of oil from wells it controls, significantly choked off since the U.S. began airstrikes. “We have seen a decrease in what we estimate to be the revenues of the oil sales from a million...
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