Key allies in the US and UK led war on Islamic State (IS) are covertly financing the terrorist movement according to senior political sources in the region. US and British oil companies are heavily invested in the murky geopolitical triangle sustaining IS’ black market oil sales.  In a letter to the Nokan Group, Mark D. Wallace – a former US ambassador to the United Nations under President George W. Bush and CEO of the New York-based Counter Extremism Project – noted credible “reports that some Kurdish entities are in fact facilitating ISIS-related oil trade. Specifically, certain Kurdish companies are reportedly contracted to transport refined fuel from the ISIS-controlled Baiji refinery, north of Tikrit, Iraq, for delivery throughout the Kurdish region by Sulaymaniyah province authorities in Iraqi Kurdistan, in the north-eastern region of Iraq”.