ISIS’ main source of income is no longer oil – Pentagon

February 5, 2015 4:05 pm
The Islamic State of Iraq and Syria () is no longer relying on
oil as its main source of revenue to fund its terrorist activity,
according to the Pentagon.
“We know that oil revenue is no longer
the lead source of their [ISIS’] income in dollars,” Pentagon
spokesperson Rear Admiral John Kirby told reporters during a press briefing on Tuesday.
loss of income is compounded by its losses on the battlefield as the
group has “lost literally hundreds and hundreds of vehicles that they
can’t replace,” Kirby said.
“They’ve got to steal whatever they want to get, and there’s a finite number.”
is instead depending on “a lot of donations” as one of the main sources
of income. “They also have a significant black market program going
on,” Kirby said.

ISIS’ loss of income is compounded by its losses on the battlefield,
according to Pentagon spokesperson Rear Admiral John Kirby. (File Photo:

The U.N. Security Council, led by Russia,
announced yesterday that it is drafting a legally binding resolution to
ratchet up pressure on countries to cut off the cash flow to ISIS
“We are preparing [the resolution] and we hope it’ll
be adopted by the U.N. Security Council in the coming days,” a spokesman
for Russia’s United Nations mission said.
The announcement comes
a day after ISIS released a video showing the captured Jordanian pilot
Moaz al-Kasasbeh being torched alive in a cage.
As Jordan, backed
by the U.S.-led coalition forces, steps up its fight against ISIS, the
Pentagon thinks ISIS is “losing ground.”
“They are changing. They
are largely in a defensive posture. They aren’t taking new ground,”
Kirby said. “So, they are losing ground. They are more worried now about
their lines of communications and supply routes.”
ISIS was
pushed out of the Syrian Kurdish city of Kobane last week after a
four-month siege. The United States and its allies staged 11 airstrikes
near Kobane on Tuesday and targeted ISIS militants in Iraq with six
other strikes.
“This is a different group than it was seven
months ago. I’m not saying they’re not still dangerous. I’m not saying
they’re not still barbaric, but they’re different. Their character,
their conduct, their behavior is different. And that’s a sign of
progress,” he added.

Skip to toolbar
shared on