Milei's Malvinas announcements hit oil stocks: Rockhopper -10%, Navitas -2%

Argentine President Milei made announcements regarding the Malvinas/Falklands that triggered a sell-off in oil companies operating in the Sea Lion field. Rockhopper fell 10% on the London Stock Exchange, and Navitas dropped 2% on the Tel Aviv Stock Exchange. The specific content of the announcements is not detailed, but the market reaction suggests perceived increased sovereign risk or regulatory threat.