Iraq/Syria: Examining the ISIS Oil Business

Sep 13, 2014 | Karen Leigh and Syria Deeply, ABC News
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On Wednesday, as part of President Barack Obama's plan to "systematically degrade, dismantle and defeat" the Islamic State of Iraq and Syria (ISIS), the U.S. Treasury Department said that it would step up pressure on the extremist group's illicit oil sales.

In a blog post that day, David Cohen, the department's undersecretary for terrorism and financial intelligence, said that the "Treasury is committed to ensuring that [ISIS] is unable to access the international financial system."