Low oil prices: A double-edged sword in the fight against ISIL/Da'esh

Since its establishment in 2014, ISIL/Da'esh has become one of the most dangerous terrorist organisations in history, due to its ideological appeal, territorial expansion, and diverse sources of revenue, including from oil sales. As plunging oil prices reduce the 'caliphate's' profits, they may also bear a negative impact on the capacities of the anti-ISIL/Da'esh coalition.