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Director / Editor: Victor Teboul, Ph.D.
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Islamic State Oil Trade Seduces Friends, Foes Alike

Oil may not be the largest revenue source for Islamic State extremists, but it has been the most seductive. For middlemen, civilians, rebels, and even the Syrian government, it has been hard to say no to cheap oil delivered to the doorstep, even if it is produced by the same brutal militants they are fighting. The oil trade earns the Islamic State anywhere from $100 million and $500 million a year. That income, added to the money IS raises in "taxes," extortion and theft,...


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