US underestimated IS threat, admits Obama as warplanes pound Syria

US President Barack Obama on Sunday admitted that the United States underestimated the threat posed by Islamic State fighters in Syria, while US-led coalition warplanes pounded the oil sites that fund the jihadist group.

Coalition planes hit the entrance to the country's main gas plant in an apparent warning to the militants to abandon the premises.

"The international coalition has for the first time struck the entrance and the prayer area of the Coneco gas plant. It is under IS control, and is the largest in Syria," said Syrian Observatory for Human Rights director Rami Abdel Rahman.

Before Sunday, the strikes had targeted mainly jihadist bases and makeshift oil refineries used by the militants, in a bid to weaken one of their main sources of financing – control of the oil fields.

Speaking to CBS News, Obama said that former Al-Qaeda fighters driven from Iraq by US and local forces had been able to gather in Syria to form the newly dangerous Islamic State group.

"I think our head of the intelligence community, Jim Clapper, has acknowledged that they underestimated what had been taking place in Syria," Obama said, referring to his director of national intelligence.

Asked whether Washington had also overestimated the ability or will of Iraq's US-trained military to fight the jihadists on its own, Obama said, "That's true. That's absolutely true."

US-led coalition planes pounded oil sites in Syria Sunday that fund the IS group, as Syria's Al-Qaeda branch warned that people in Europe and America would pay the price.

The United States, along with coalition partners Saudi Arabia and the United Arab Emirates, targeted four modular refineries and an IS command and control post, all north of Raqa in Syria, US Central Command said.

"Initial indications are that they (the strikes) were successful," it said.

In his first speech since air raids were launched on Syria, the head of the Al-Qaeda affiliate there, Al-Nusra Front, warned of reprisals.

"Your leaders will not pay the price for the war alone, you will pay the higher price," Abu Mohammad al-Jolani said in an Internet audio message, addressing "people of America and Europe".

Failure to stop these air strikes "will transfer the battle to your very homes", he said.

Washington has said it would press on with "near continuous" strikes, and the latest raids were part of intensifying efforts to disrupt the group's lucrative oil-pumping and smuggling operations.

The jihadists control a swathe of territory straddling northwestern Iraq and eastern Syria, home to most of Syria's main oilfields, and their oil infrastructure is the main target of the air strikes.

Experts say the jihadists were earning as much as $3 million (2.4 million euros) daily from oil before the coalition began launching strikes on Syria, building on the air war under way against IS in Iraq since August 8.

Sunday's strikes hit close to the Turkish frontier, near Tal Abyad, said the Syrian rights observatory, destroying "at least three makeshift refineries under IS control".

Coalition warplanes also hit the jihadist heartland province of Raqa early Sunday and the raids destroyed a plastics factory outside Raqa city, killing one civilian, the Britain-based Observatory said.

The Pentagon said US-led air strikes in Iraq near insurgent-held Fallujah on Sunday destroyed two IS checkpoints.