In taking economic war to Islamic State, U.S. developing new tools




 
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In taking economic war to Islamic State, U.S. developing new tools
 
November 24th, 2015  
News Manager
 

Topic: In taking economic war to Islamic State, U.S. developing new tools


In taking economic war to Islamic State, U.S. developing new tools
By Yeganeh Torbati and Brett Wolf WASHINGTON (Reuters) - Since*last month, U.S. warplanes have struck Islamic State's oil infrastructure*in*Syria in a stepped-up campaign of economic warfare that the United States estimates has cut the group's black-market earnings from oil by*about*a third. In finding their targets, U.S. military planners have relied in part on an unconventional source of intelligence: access to banking records that provide insight into which refineries and oil pumps are generating cash for the extremist group, current and former officials say. The intent is to choke off the Islamic State's funding by tracking its remaining ties to the global financial system.*By identifying money flowing to and from the group, U.S. officials have been able to get a glimpse into how its black-market economy operates, people with knowledge of the effort have said.




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