Who’s buying Islamic State’s illegal oil?

(Oilprice) In June 2014, computer files captured from a courier for the Islamic State shortly after the fall of Mosul revealed that the group had assets of $875 million, largely gained in the sacking and looting of Mosul and its central bank.

The size of the group’s bank account has now risen to an estimated $2 billion dollars, thanks in part to revenues from ransom paid for kidnapped foreigners and more pillaging. However, oil remains the group’s primary source of income.

Refugee status given to Central American minors

(Associated Press) The Obama administration is initiating a program to give refugee status to some young people from Honduras, Guatemala and El Salvador in response to the influx of unaccompanied minors arriving at the U.S.-Mexico border.

Under the program, immigrants from those countries who are lawfully in the United States will be able to request that child relatives still in those three countries be resettled in the United States as refugees. The program would establish in-country processing to screen the young people to determine if they qualify to join relatives in the U.S.