ISIS Being Squeezed Financially by U.S.-led Airstrikes, but ‘Still Have a Lot of Money’

U.S. Marines with Fire Base Bell in northern Iraq fire an M777A2 Howitzer at an Islamic State infiltration route on March 18. (Marine Corps photo by Cpl. Andre Dakis)

The Islamic State is facing an unprecedented cash crunch in its home territory, U.S. 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.