Yes setting option country to 'US' does indeed make it work, and I can connect to the AP.
Here's the output from those two commands when the option country is 'GB':
root@OpenWrt:~# iw reg get
global
country GB: DFS-ETSI
(2400 - 2483 @ 40), (N/A, 20), (N/A)
(5150 - 5250 @ 80), (N/A, 23), (N/A), NO-OUTDOOR, AUTO-BW
(5250 - 5350 @ 80), (N/A, 20), (0 ms), NO-OUTDOOR, DFS, AUTO-BW
(5470 - 5730 @ 160), (N/A, 26), (0 ms), DFS
(5725 - 5850 @ 80), (N/A, 23), (N/A), NO-OUTDOOR
(5925 - 6425 @ 160), (N/A, 23), (N/A), NO-OUTDOOR
(57000 - 71000 @ 2160), (N/A, 40), (N/A)
phy#2
country 99: DFS-UNSET
(2402 - 2482 @ 40), (6, 20), (N/A)
(2474 - 2494 @ 20), (6, 20), (N/A)
(5140 - 5360 @ 160), (6, 20), (N/A)
(5460 - 5860 @ 160), (6, 20), (N/A)
phy#1
country 99: DFS-UNSET
(2402 - 2482 @ 40), (6, 20), (N/A)
(2474 - 2494 @ 20), (6, 20), (N/A)
(5140 - 5360 @ 160), (6, 20), (N/A)
(5460 - 5860 @ 160), (6, 20), (N/A)
phy#0
country 99: DFS-UNSET
(2402 - 2482 @ 40), (6, 20), (N/A)
(2474 - 2494 @ 20), (6, 20), (N/A)
(5140 - 5360 @ 160), (6, 20), (N/A)
(5460 - 5860 @ 160), (6, 20), (N/A)
root@OpenWrt:~# iw dev
phy#2
Interface wlan2
ifindex 12
wdev 0x200000001
addr 9c:3d:cf:57:cb:bc
ssid OpenWrt5
type AP
channel 48 (5240 MHz), width: 20 MHz, center1: 5240 MHz
txpower 31.00 dBm
phy#1
Interface wlan1
ifindex 11
wdev 0x100000001
addr 9c:3d:cf:57:cb:bd
ssid OpenWrt
type AP
channel 1 (2412 MHz), width: 20 MHz, center1: 2412 MHz
txpower 31.00 dBm
phy#0
Interface wlan0
ifindex 10
wdev 0x1
addr 9c:3d:cf:57:cb:be
type AP
channel 36 (5180 MHz), width: 20 MHz, center1: 5180 MHz
txpower 31.00 dBm