What is the global impact of the US-Iran war resuming?

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Iranian state media say US attacks have continued during the day, with strikes on the port cities of Bushehr and Bandar Abbas. On Monday, President Donald Trump said the US was reinstating a naval blockade of Iranian ports and would impose a 20% charge on all cargo shipped through the Strait of Hormuz. So how will the global economy be impacted? We speak to our correspondent. British counter-terrorism police say the murder of the former government minister, Ann Widdecombe, at her home last week was a "targeted attack". Our correspondent tells us more. And the fossilised remains of a Tyrannosaurus rex have sold for a record $50 million. Our correspondent explains and then we speak to people who buy and sell dinosaur fossils. Presenter: James Reynolds. (Photo: Vessels at the Strait of Hormuz, as seen from Musandam,Oman, July 13, 2026. Credit: Reuters/Stringer)