Either a war due Itapu or Frente Amplio wins the Uruguayan elections in 1971, the Brazilian dictatorship invades Uruguay as they've considered and Argentina declares war on Brazil due fears of ending up with the Brazilian navy based on the other side of the River Plate, 45km away from Argentina's largest metropolis.
I think the invasion of Uruguay is the best option, it will bring back bad memories for Argentina when they were extremely vulnerable to Brazilian influence. It will be a violent war, Brazil had 97.48 million people in the period and Argentina 24.26 million people (Brazil had more than 4 times the population of Argentina). The Brazilian economy started in the 1970s still in the wave of the so-called “economic miracle”, with GDP growth rates in the double digits, on the other hand, Argentina was not in a good place economically (with the debt increasing wildly).
This might give the impression to the Argentine government that it was now or never to stop Brazilian dominance of the region (especially with the invasion of Uruguay taking place). If it occurs and brazil wins, it will legitimize the military government permanently, which probably indicates that the country will not fully democratize. It will be a bizarre mixture of military and democratic government. What will brazil take from argentina i don't know (reparations, right to exploit minerals, take territory) but these two countries will be enemies continuously until today. . But the more costly the war, the more the Brazilian population will want it.
This war has the possibility of pulling Paraguay and Chile (and maybe Bolivia and Peru against Chile). We can easily have a war that is more violent,larger and deadly than the one in paraguay. Which indicates that the US will have to choose one of the two to support in the long run (brazil or argentina). Or lose influence in the region with the winner feelingl a lesser need for dependency on the usa.