A coalition of air-forces, led by the US, bombed four oil refineries under Islamic State control in Iraq, reports the BBC.
The airstrikes came as fighting continued on the town of Kobane that borders Turkey.
The US president, earlier today, said that US intelligence had underestimated the extent in which the political chaos in Syria would allow extremist groups such as Islamic State to thrive.
Defending the British parliamentary decision to carry out airstrikes on Islamic state positions in Iraq, David Cameron, earlier today, said,
"When you face a situation with psychopathic terrorist killers in Syria and Iraq, who have already brutally beheaded one of our own citizens, who have already launched and tried to execute plots in our own country to kill and maim innocent people, you have got a choice. We can either stand back from all of this and say 'this is too difficult, it's too complicated, let's let someone else try to keep our country safe' or we take the correct decision to say 'let's have a full, comprehensive strategy."
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