“A small but steady flow of money to ISIS from rich individuals in the Gulf continues, say current and former U.S. officials, with Qataris the biggest suppliers. These rich individuals have long served as ‘angel investors,’ as one expert put it, for the most violent militants in the region, providing the ‘seed money’ that helped launch ISIS and other jihadi groups. The U.S. believes ISIS is taking in about $1 million a day from all sources. The largest source of cash now, say U.S. officials, is oil smuggling along the Turkish border, with ISIS leaders willing to sell oil from conquered Syrian and Iraqi fields for as little as $25 a barrel, a quarter of the going world price.”
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