Edited time: June 21, 2014 16:01
Sometimes, it doesn’t have to be so elaborate. Its biggest single success was plundering a government vault in Mosul – captured last week – that reportedly contained more than $425 million. With the loot taken during its recent advances, ISIL’s estimated war chest now stands at over $2 billion.
It is ironic that the hardcore Islamist group will be using the equipment provided by Washington to Baghdad in the Western-backed insurgency in Syria, but at the same time may be confronted by the West in Iraq, where the militants are now contesting the country’s largest oilfield.