I’m very glad that World War Three hasn’t yet arrived. I remain concerned about the overall situation relating to Iran though. There are no good options, and I don’t expect profound wisdom from the present Western leadership.

I do expect armed conflict between Iran and the West (including Israel).
I am more hopeful than I was that China will stay out of it. The more I discover about their Peak Oil strategies, the more convinced I am that their leadership is comparatively sane and saintly.
I worry about a ‘false flag’ incident being used to start the process going at a time convenient to the US.
I worry even more about nuclear weapons being used against the Iranian establishments (see the Seymour Hersh article in the New Yorker recently).
What I don’t worry about – in the sense that I see it as absolutely inevitable, and therefore just something that needs adjusting to – is the economic s#!t-storm that is going to descend when Iran retaliates, and takes out the oil supplies, however temporarily. (I don’t think it will be that temporary, but I’m sure I’m in a minority on that.)
I see this as the ‘turning point’ predicted in Strauss and Howe’s book, ushering in the twenty year ‘winter’.

My advice? Stock up on your food supplies; get at least two weeks basic provisions in your house and don’t let them fall further.

Sorry to be so gloomy.