Iraq Crisis: US Warns Buyers and Middlemen Involved in Isis Oil Trade

Oct 24, 2014 | Vasudevan Sridharan, International Business Times
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The US has warned Turkish and Kurdish middlemen involved in the lucrative Isis oil trade as the US is determined to choke the extremists' sources of funding.

A senior Treasury official also threatened to impose sanctions on those dealing with the Sunni extremists.

Isis is believed to be making $1m per day mainly from selling oil at heavily discounted prices.