Argentina's President Milei has renewed sovereignty claims over the Falkland Islands, opposing a $1.8 billion UK-Israeli oil project called Sea Lion scheduled to begin extraction in 2028. The dispute, rooted in a 1982 war and a 2013 referendum favoring British control, has resurfaced as Milei seeks to take the matter to international tribunals, with analysts suggesting the rhetoric may serve domestic political purposes ahead of 2027 elections.