Islamic State Oil
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US Mulls Leaving Some Troops In Syria To Guard Oilfields, Says Pentagon
The Pentagon is considering keeping some U.S. troops near oilfields in northeastern Syria alongside Kurdish-led Syrian Democratic Forces (SDF) to help deny oil to Islamic State militants, Defense Secretary Mark Esper said on Monday.
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US Waged Cyberattack On Database Used By Iran To Target Tankers: Report
The United States staged a secret cyberattack in June against a database used by Iran's Islamic Revolutionary Guard Corps to plot attacks on oil tankers in the Gulf, The New York Times reported.
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Iran Says Foreign Oil Tanker "Smuggling Fuel" To Arab Countries Seized
Iran's Revolutionary Guards Corps has seized a foreign oil tanker in the Gulf that was smuggling fuel to some Arab states, Iran's state TV reported, adding that seven sailors onboard of the tanker had been detained.
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"We Are In A Situation Of Economic War": Iran As US Sanctions Take Effect
Iran's President Hassan Rouhani said the Islamic republic "will proudly bypass sanctions" by the United States that took effect on Monday targeting the country's oil and financial sectors. "I announce that we will proudly bypass your illegal, unjust sanctions because it's against international regulations," Rouhani said in a televised speech. "We a...
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India, China's Delicate Pushback As Trump Tries To Punish Iran
Shortly after U.S. President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling countries around the world the clock was ticking for them to cut oil purchases from the Islamic Republic to zero.
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Trump Administration Split Amid India, China Resistance To Iran Sanctions
Shortly after US President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling countries around the world the clock was ticking for them to cut oil purchases from the Islamic Republic to zero. The strategy is meant to cripple Iran's oil-dependent economy and force Tehran to quash not only its nuclea...
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The ISIS's 'Business Model' Is Failing, Study Says
When the Islamic State advanced in Syria and Iraq in 2014, its fighters looted banks, took over oil fields and kidnapped foreigners, seemingly without facing much resistance. But fortunes have changed, and the caliphate is now in deep financial trouble, according to a new study.
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300-Feet High Inferno: On The Front Lines With Oil Workers Battling ISIS
The flames exploded into the sky like a volcanic eruption, blanketing a swath of the Iraqi countryside in a noxious haze of black smoke.
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Qatari Bank Trio In Talks For Potential $44 Billion Merger
If the deal goes ahead, it would be a rare example of consolidation among banks in the Gulf, which have previously been reluctant to tie up but are facing challenging conditions due to the impact of lower oil prices on the region's economies.
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Satellite Photos Show Islamic State Installing Hundreds Of Makeshift Oil Refineries
With its refineries mostly destroyed and its tanker fleet under constant attack, the Islamic State is increasingly turning to low-tech alternatives for processing oil, a vital source of revenue for the terrorist group, new satellite images reveal.
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US-Led Strikes Putting A Financial Squeeze On The Islamic State
The Islamic State is facing an unprecedented cash crunch in its home territory, US counterterrorism officials say, as months of strikes on oil facilities and financial institutions take a deepening toll on the group's ability to pay its fighters or carry out operations.
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Libya Lost $68 Billion From Attacks On Oil, Says Industry Chief
Libya will fall further into chaos if its political factions don't quickly form a unity government, the head of the state oil company warned Monday, noting country has already lost some $68 billion lost oil sales because of attacks by Islamic extremists.
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Islamic State Cuts Fighters' Wages In Fund Crunch: Report
Islamic State has cut its fighters' salaries by 50 percent in Syria as air strikes continue to target oil fields, supply lines and cash stores, affecting its revenue streams, The Independent reported.
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ISIS Presses Assault On Key Libya Oil Region
Fighting raged between the Islamic State group and Libyan forces on Tuesday as the jihadists pushed on the country's crucial coastal oil terminals.
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Islamic State Eyeing Oil Targets Beyond Syria Stronghold: US Official
Islamic State is looking at potentially vulnerable oil assets in Libya and elsewhere outside its Syria stronghold, where the militant group controls about roughly 80 percent of the oil and gas fields, a senior U.S. official said on Tuesday.
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US Mulls Leaving Some Troops In Syria To Guard Oilfields, Says Pentagon
The Pentagon is considering keeping some U.S. troops near oilfields in northeastern Syria alongside Kurdish-led Syrian Democratic Forces (SDF) to help deny oil to Islamic State militants, Defense Secretary Mark Esper said on Monday.
-
US Waged Cyberattack On Database Used By Iran To Target Tankers: Report
The United States staged a secret cyberattack in June against a database used by Iran's Islamic Revolutionary Guard Corps to plot attacks on oil tankers in the Gulf, The New York Times reported.
-
Iran Says Foreign Oil Tanker "Smuggling Fuel" To Arab Countries Seized
Iran's Revolutionary Guards Corps has seized a foreign oil tanker in the Gulf that was smuggling fuel to some Arab states, Iran's state TV reported, adding that seven sailors onboard of the tanker had been detained.
-
"We Are In A Situation Of Economic War": Iran As US Sanctions Take Effect
Iran's President Hassan Rouhani said the Islamic republic "will proudly bypass sanctions" by the United States that took effect on Monday targeting the country's oil and financial sectors. "I announce that we will proudly bypass your illegal, unjust sanctions because it's against international regulations," Rouhani said in a televised speech. "We a...
-
India, China's Delicate Pushback As Trump Tries To Punish Iran
Shortly after U.S. President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling countries around the world the clock was ticking for them to cut oil purchases from the Islamic Republic to zero.
-
Trump Administration Split Amid India, China Resistance To Iran Sanctions
Shortly after US President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling countries around the world the clock was ticking for them to cut oil purchases from the Islamic Republic to zero. The strategy is meant to cripple Iran's oil-dependent economy and force Tehran to quash not only its nuclea...
-
The ISIS's 'Business Model' Is Failing, Study Says
When the Islamic State advanced in Syria and Iraq in 2014, its fighters looted banks, took over oil fields and kidnapped foreigners, seemingly without facing much resistance. But fortunes have changed, and the caliphate is now in deep financial trouble, according to a new study.
-
300-Feet High Inferno: On The Front Lines With Oil Workers Battling ISIS
The flames exploded into the sky like a volcanic eruption, blanketing a swath of the Iraqi countryside in a noxious haze of black smoke.
-
Qatari Bank Trio In Talks For Potential $44 Billion Merger
If the deal goes ahead, it would be a rare example of consolidation among banks in the Gulf, which have previously been reluctant to tie up but are facing challenging conditions due to the impact of lower oil prices on the region's economies.
-
Satellite Photos Show Islamic State Installing Hundreds Of Makeshift Oil Refineries
With its refineries mostly destroyed and its tanker fleet under constant attack, the Islamic State is increasingly turning to low-tech alternatives for processing oil, a vital source of revenue for the terrorist group, new satellite images reveal.
-
US-Led Strikes Putting A Financial Squeeze On The Islamic State
The Islamic State is facing an unprecedented cash crunch in its home territory, US counterterrorism officials say, as months of strikes on oil facilities and financial institutions take a deepening toll on the group's ability to pay its fighters or carry out operations.
-
Libya Lost $68 Billion From Attacks On Oil, Says Industry Chief
Libya will fall further into chaos if its political factions don't quickly form a unity government, the head of the state oil company warned Monday, noting country has already lost some $68 billion lost oil sales because of attacks by Islamic extremists.
-
Islamic State Cuts Fighters' Wages In Fund Crunch: Report
Islamic State has cut its fighters' salaries by 50 percent in Syria as air strikes continue to target oil fields, supply lines and cash stores, affecting its revenue streams, The Independent reported.
-
ISIS Presses Assault On Key Libya Oil Region
Fighting raged between the Islamic State group and Libyan forces on Tuesday as the jihadists pushed on the country's crucial coastal oil terminals.
-
Islamic State Eyeing Oil Targets Beyond Syria Stronghold: US Official
Islamic State is looking at potentially vulnerable oil assets in Libya and elsewhere outside its Syria stronghold, where the militant group controls about roughly 80 percent of the oil and gas fields, a senior U.S. official said on Tuesday.
