My view is that the likelihood of WW3 has reduced dramatically.

Ukraine - Russia - the US backing down from it's support of Ukraine will encourage Zelenskyy to consider compromising more and Trump is talking to Putin.

Israel - Palestine seems to have a truce for the moment.

And the biggest threat, China - Taiwan in 2027, seems to be abated by the announcement of TSMC building a wafer fab in the US. It was always about the chips, not the principle.