Falkland Islands Lie In Argentine Waters, Says UN Commission

By Markets MarketWatch Pulse

The Falkland Islands lie in waters belonging to Argentina, a United Nations commission has ruled, dealing a blow to the U.K.'s claims in the region. Argentina and the U.K. have been in a long-running dispute over which country rightfully controls the territory in the South Atlantic Ocean, dating back before the war they fought in 1982. The U.N. Commission on the Limits of the Continental Shelf this month backed a report from the Argentinian foreign ministry, media reports said Tuesday. That increased the scope of Argentian waters by 0.66 million square miles (1.7 million square kilometers), which would include the islands. The Falkland Islands government is looking for clarifiation from the British government on what the ruling means for the territory, the Associated Press reported.

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