June 18, 2014
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| Peter Schiff |
Iraq's largest oil refinery shut down Wednesday amid ongoing fighting between military forces and insurgents of the Islamic State of Iraq and Syria (ISIS). The Beji refinery accounts for a quarter of the country's refining capacity, and the shutdown showcases how the economic effects of the crisis may quickly spiral. RT's Ameera David discusses the potential economic impacts of the fighting, with Peter Schiff; President of Euro Pacific Capital.
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