WASHINGTON—After billions of dollars spent and more than 10,000 extremist fighters killed, the ISIS group is fundamentally no weaker than it was when the U.S.-led bombing campaign began a year ago, American intelligence agencies have concluded.
The military campaign has prevented Iraq’s collapse and put the ISIS under increasing pressure in northern Syria, particularly squeezing its self-proclaimed capital in Raqqa. But intelligence analysts see the overall situation as a strategic stalemate: The ISIS remains a well-funded extremist army able to replenish its ranks with foreign jihadis as quickly as the U.S. can eliminate them. Meanwhile, the group has expanded to other countries, including Libya, Egypt’s Sinai Peninsula and Afghanistan.