Will falling oil prices impact ISIS terror operations?

December 15, 2014 2:41 PM

15 0

The drop in oil prices by nearly 45 percent since mid-June has raised questions over what impact this could have on the terror group ISIS' operations within Syria and Iraq.

Since expanding its territorial control over the summer, ISIS has built several small refineries to extract oil to use as fuel for vehicles and to fund its operations. The Defense Department in September stated that the terrorists make a $2 million-a-day profit from oil sales on the black market.

Read more

To category page