ISIS is making about $1 million a day from oil sales, according to a U.S. Treasury Department estimate. And disrupting the group’s ability to sell the roughly 50,000 barrels of oil it’s believed to produce daily is a top concern for David Cohen, the U.S. undersecretary of the Treasury for terrorism and financial intelligence. Dealing with that problem—and a variety of others, from curbing Iran’s nuclear program to pressuring Russia over its involvement in Ukraine—has involved a shift in the way the U.S. applies economic and financial pressure, Cohen told The Atlantic’s Steve Clemons at the Washington Ideas Forum on …read more
Source: The Atlantic
