Iran's Gulf Strait Authority (PGSA) could extend its remit beyond merchant shipping to include subsea cable installation and maintenance in the Strait of Hormuz, requiring permits or fees for cable-laying vessels that can remain stationary for extended periods. Baker Botts partner Joshua Cole explains the potential impact on international connectivity and costs. Meanwhile, Nigel Green of deVere Group discusses UK Prime Minister Andy Burnham's priorities, what his government could mean for investments, and the implications for British nationals living in both the UK and the UAE. Plus, Daniel Richards of Emirates NBD breaks down the Federal Reserve's latest interest rate decision. Finally, one week after the UAE's first national payment card, Jaywan, went live, Andrea Cianchetti of Al Etihad Payments explains how it works, how to get one, and the different card tiers available. See omnystudio.com/listener for privacy information.

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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