A vast oil field near the Falkland Islands, a location subject to a military conflict in the 80's between the UK and Argentina over its sovereignty, is even larger than originally estimated, with recoverable reserves now valued at an eye-watering £74 billion.
The discovery is likely to magnify tensions between Britain and Argentina, which has long disputed British sovereignty over remote British overseas territory in the south Atlantic, as well as drawing scrutiny from global powers such as China and Russia.
The stakes are immense, potentially reigniting geopolitical disputes over the region. Argentina, which refers to the islands as Las Malvinas, has previously condemned oil exploration in the area as illegal and sought to rally international support against it.
Full article Falkland Islands tensions erupt as massive £74bn oil field bigger than previously thought
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