Iraq/Syria/Islamic State: U.N. Targets Islamic State Oil Finance Network

Dec 18, 2015 | Daniel J. Graeber, United Press International
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Finance ministers gathered at the United Nations said that, with millions of dollars coming from illegal oil sales, it was time to target Islamic State funding. The U.S. State Department in September offered a $5 million reward for justice for tips that would help thwart the sale of oil and antiquities to finance terrorist operations. As of July, the terrorist group, which claims control over parts of Iraq and Syria, has brought in as much as $10 million dollars through a black market for oil.