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July 29, 2016       Share:    

Source: http://www.reuters.com/article/us-mideast-crisis-iraq-oil-idUSKCN1081JI

Islamic State's Oil Revenue Dives as It Loses Iraqi Territory

(Reuters) Ahmed Rasheed - Islamic State, pushed off more than half the Iraqi territory it seized in 2014, has suffered a near collapse in revenue from oil smuggling, officials say. The jihadist group is having to sell its remaining production at steep discounts to persuade truck drivers to collect it and run the gauntlet of U.S.-led air strikes.

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