Pentagon: Islamic State Is Hurting, but ‘Nobody Is Saying They’re out of Schlitz’

The Islamic State, which is considered to be the world’s richest terrorist group, is starting to feel the squeeze on its two biggest sources of revenue: black-market oil sales and stolen assets, according to the Pentagon.

Money from oil is down thanks to U.S.-led coalition airstrikes, which have hit Islamic State-held oil refineries and fuel convoys. But the U.S. military has not been able to wipe out the militant group’s oil revenues completely, and the Pentagon acknowledged Friday that the group is still making money in this area.

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