The stakes could not be higher. A run-off election on November 19 will not only determine the next president of Argentina but also the very future of the country: its democratic values, its economic model, and even its national currency.

Yet Argentines aren’t the only ones eager to see who will be their country’s next president. Argentina’s vast natural resources have made it a key geopolitical player in an age of energy transition and global food scarcity. As a result, major allies across multiple continents will be carefully monitoring the contest this weekend between the ruling coalition’s Economy Minister Sergio Massa (Unión por la Patria, UxP) and far-right libertarian economist Javier Milei (La Libertad Avanza, LLA). These include Argentina’s biggest trade partners: Brazil, the United States, and China.