Iran threatened devastating attacks against the US and Israel after Donald Trump announced three more weeks of bombing.The conflict has resulted in the death of Ali Khamenei and a blockade of the Strait of Hormuz by the Revolutionary Guards.While oil prices surged six percent, Paschal Donohoe from the World Bank warned of global risks to food security.The UK is now organizing a 35-nation summit to restore navigation as China blames US strikes for the regional crisis.