The Biden administration on Wednesday broadly eased sanctions on Venezuela's oil sector in response to a deal reached between the government and opposition parties for the 2024 election - the most extensive rollback of Trump-era restrictions on Caracas.
Gustavo Petro and Lula da Silva had been talking to Biden since they were elected about lifting the sanctions. I think Spain was supporting it too.
The only thing left to do is to reinstate Venezuela as a member of Mercusur.