Argentina designates Foreign Ministry for Malvinas oversight

The Argentine Executive has issued a decree designating the Foreign Ministry as the authority to sanction activities regarding the Malvinas Islands. In response, the United Kingdom has warned that its armed forces stationed in the islands remain on 24-hour alert.

In the energy sector, oil companies Rockhopper and Navitas issued a joint statement to downplay recent announcements made by President Javier Milei. Despite the attempt to minimize the impact, both companies experienced a decline in their share prices.