Argentina Probes 45 Firms Over Malvinas Oil Projects, Milei Vows Tougher Penalties

Argentina announced an investigation into 45 entities linked to hydrocarbon projects near the Malvinas Islands, reinforcing its sovereignty claim. President Milei signaled harsher penalties and hinted at favorable developments in the dispute, though specifics remain unclear. This escalates pressure on companies operating in the contested waters, potentially affecting regional energy investment.