U.S.- Led Coalition Blows Up $500 Million of ISIS Cash Stockpiles

ISIS forced to ration fuel and cut pay to fighters

The U.S.-led coalition air campaign has incinerated about $500 million of the Islamic State’s cash stockpiles and cut its oil revenues by an estimated 50%, according to a senior defense official.

The Islamic State has been forced to ration fuel in some areas and cut pay by half to its fighters and government officials in regions it controls, according to the official, who asked not to be named in order to discuss intelligence issues.

U.S. officials have said the air campaign combined with local ground forces in Iraq and Syria have dealt the Islamic State setbacks in recent months, saying the terror group has lost 40% of the territory it once controlled in Iraq. “We've got the momentum,” Defense Secretary Ashton Carter said.

The statistics for the first time quantify the impact the air campaign and U.S.-backed local ground forces have had on the Islamic State’s finances and its military capabilities