Argentina targets Navitas in Falklands oil dispute as Milei escalates sanctions

Argentina will file criminal charges against Navitas subsidiaries for operating in the Falklands without authorization, part of President Milei’s plan to widen sanctions and defend the Sea Lion oil project; Itamar Ben-Gvir urged Netanyahu to recognise Argentine sovereignty over the islands and impose sanctions on the UK, though Israel’s official stance remains unchanged. Navitas and partner Rockhopper insist licenses were legally granted and the project remains on track for a 2028 start, with the move triggering market signals as shares react to the tensions and prior Argentine actions against the operations (2012, 2015, 2022, 2025).