Would you still feel that way if WWIII began? Because it might be closer than some believe. Iran has nothing to lose.
Based on developments in early 2026,
the risk of a regional conflict escalating into a broader global crisis due to US and Israeli military action against Iran is high. A conflict began on February 28, 2026, when US and Israeli strikes were launched against Iran, leading to significant regional retaliation, including attacks on US bases and regional infrastructure.
As of late March 2026, experts and officials have warned of the following regarding the escalation toward a global war:
- Regional Escalation and Regional Retaliation: The conflict has already widened, with Iranian retaliation involving missile and drone strikes against sites in Iraq, Syria, Saudi Arabia, Qatar, the UAE, and Jordan, in addition to attacks on Israel.
- Targeting Infrastructure: The conflict is directly targeting key infrastructure, such as Iran's energy facilities, and threatens to close the Strait of Hormuz—a crucial artery for about 20% of global oil supplies.
- Risks of Global Crisis: The Turkish intelligence chief has warned that the war is "rapidly moving towards becoming a global crisis" for which the entire world could pay the price.
- Expert Concerns on WWIII: Some analysts have described the situation as potentially in the "early days of World War III," given the involvement of multiple nations and the potential for greater escalation, particularly if other major powers are drawn in.
- Regime Response: Iran has signaled a willingness to engage in a long-term, multi-front conflict, rather than an immediate de-escalation.
Stimson Center +5
While the conflict is currently characterized as a major regional war with international repercussions, the likelihood of it escalating into a full-scale World War III depends on whether other global powers intervene and the extent of the damage to international energy and trade routes.