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The Falkland Islands are a group of islands in the South Atlantic ocean, off the coast of South America. They are an overseas territory of the United Kingdom, but Argentina has claimed them since 1833. A war (the Falklands War) was fought over their possession during Margaret Thatcher`s time as British Prime Minister. There are many islands in the group but the two biggest are East Falkland and West Falkland. About 3,000 people live on them. The people of the islands are British and speak English. The main income for the people is from fishing and sheep farming.
The Falkland Islands are about 300 miles (480 km) east of Argentina. Argentina and the UK had a short war in 1982 because Argentina claims to own the islands. The war lasted 6 weeks and about 1,000 soldiers were killed. The UK defeated Argentina and after this the governments of the two countries would not negotiate (talk) with each other. In 1990 they began to have talks again. Oil and gas has been found below the sea around the islands. Argentina and the UK have agreed to share the oil and gas. There is also oil and gas outside the sea area that belongs to the UK. This is owned by Argentina.