As the world awaits the full reopening of the Strait of Hormuz following the signing of an interim peace deal between Iran and the US, the United Arab Emirates is working on a highly ambitious plan to try to end its dependence on the critical chokepoint.

Iran would be allowed to start oil exports immediately under an interim deal with the US and gain access to a $300 billion economic development program following negotiations for a permanent peace that’s meant to address Tehran’s nuclear activities, according to a draft of their agreement.

DP World is looking to operate a US container port for the first time in two decades.

Singapore’s electronic exports last month rose by the most on record on robust global demand for artificial intelligence-related equipment.

Egypt’s EGAS is looking to bring in a floating liquefied natural gas storage unit to help manage more shipments during the country’s peak electricity demand in the summer, according to people familiar with the matter.

The outlook for electric vehicle demand has been cut for the second year in a row after the US government pulled back policies supporting EV adoption, according to BloombergNEF.