Argentine President Javier Milei announced plans to impose economic penalties on oil companies working in waters off the Falkland Islands. ^[1] Argentine President Javier Milei warned that economic sanctions could be imposed on companies involved in oil exploration near the Falkland Islands. ^[2] Javier Milei described the Sea Lion oil project, where a British company and an Israeli firm are preparing to begin exploration activities, as a clear and present danger. ^[3] Sovereignty over the South Atlantic archipelago remains a deeply contested issue between the United Kingdom and Argentina more than four decades after the Falklands War. ^[4] UK Defence Secretary Wes Streeting stated that the Falklands are British because Falkland Islanders choose to be British. ^[5] The sanctions specifically target the Sea Lion oil project, a major offshore development located roughly 220 kilometers north of the Falkland Islands. ^[6] The Sea Lion oil project is co-developed by Britain's Rockhopper Exploration and Israel's Navitas Petroleum and is targeting its first oil production in early 2028. ^[7] U.S. President Donald Trump declined to confirm whether the U.S. would assist Britain in the event of a future conflict with Argentina over the Falkland Islands. ^[8]