US: Air strikes help force ISIS to halve fighters' pay
LONDON - US-led air strikes have had a substantial impact on the money Islamic State (IS) makes from oil, and have helped force the militant group to cut its fighters' pay by up to 50 percent, a senior US official said on Monday.
Daniel Glaser, assistant secretary for terrorist financing at the US Treasury Department, said the strikes had hit the group's ability to extract, refine and transport oil from territory it controlled in Iraq and Syria.
"When you look at difficulties that we know that they are having with respect to the transport, with respect to the extraction, I think it's fair to say they are no longer able to make money the way they used to be able to," Glaser told a London conference.
The strikes had also targeted cash storage sites which had "literally incinerated millions of dollars".
