Caracas is 4 hours behind Reykjavik
Best overlap: 12:00 PM to 6:00 PM in Reykjavik is 8:00 AM to 2:00 PM in Caracas.
Reykjavik and Caracas overlap from 12:00 PM to 6:00 PM (Reykjavik) to the equivalent 8:00 AM to 2:00 PM in Caracas — that's your meeting window. You won't be short on options — 6 hours of overlap leaves space for recurring syncs and ad-hoc calls alike.