
Venezuela this week took another step toward opening its extractive sector to foreign capital, while the United States authorized limited transactions involving Venezuelan gold. The National Assembly approved on first reading a mining reform pushed by Delcy Rodríguez’s interim government, as Washington issued a license allowing dealings with Minerven, Venezuela’s state gold company, just days after the two countries restored diplomatic and consular relations.

Venezuelan opposition leader María Corina Machado has arrived in Chile to attend Wednesday’s ceremony in which Gabriel Boric will hand over the presidency to José Antonio Kast, in a visit that also includes an event with Venezuelan residents in Santiago and several public appearances in the capital. She is among the international guests invited to the transfer of power, where Kast will formally take office at Congress in Valparaíso.

The United States continued deporting migrants to Iran and Venezuela while increasing military and diplomatic pressure on both countries, according to official records, agency reports and data from organizations tracking removal flights. In Iran’s case, Washington resumed deportation flights to Tehran in September 2025 after decades without carrying out such transfers, in a shift that coincided with a sharp deterioration in bilateral relations.

The United States and Venezuela’s interim authorities have agreed to restore diplomatic and consular relations, in a formal shift that ends a rupture dating back to 2019 and deepens the bilateral thaw that began after Nicolás Maduro was captured by U.S. forces in January. The announcement was made on Thursday by the State Department.

Senator Patricia Bullrich met at her Senate office with Argentine gendarme Nahuel Gallo, who was freed after 448 days in detention in Venezuela, in talks that lasted nearly two hours and focused on his captivity and the process that led to his return. Speaking afterwards, Bullrich said Gallo had “barely told 10% of what he lived through” and indicated the two would meet again.

US Interior Secretary Doug Burgum said in Caracas on Wednesday that opportunities for cooperation between Washington and Venezuela “have no limits,” highlighting the South American country’s mineral potential during a visit focused on mining and access to critical minerals.

Nahuel Gallo, the Argentine gendarme freed after 448 days in detention in Venezuela, urged the release of “24 foreign nationals” he said remain imprisoned at the Rodeo I facility and asked for time before detailing what he endured during captivity. “Until they release those 24 foreign nationals, I’m not free,” he said in a short statement to reporters, without taking questions.

Venezuela’s National Assembly, dominated by the ruling bloc, on Wednesday 25 February accepted the resignation of Attorney General Tarek William Saab and Ombudsman Alfredo Ruiz, and immediately named temporary replacements: Saab will serve as acting ombudsman and lawyer Larry Devoe was appointed acting attorney general.

Venezuelan authorities approved on Friday a protocol to speed up implementation of an amnesty law passed the previous day by the National Assembly, as relatives of political detainees kept vigils outside several detention sites, calling for additional releases.

Uruguay’s foreign minister Mario Lubetkin appeared before Parliament’s Permanent Commission after an opposition-led interpellation focused on the government’s stance on Venezuela, a Taiwan-related line included in a joint statement with China, and the lack of clarity over US immigration-visa restrictions affecting Uruguay.