Right now, the hottest (and most satirical) thing happening in the world is the US-Israel vs. Iran war (about five weeks into the conflict).
It started with the assassination of the Supreme Leader, followed by the blockade of the Strait of Hormuz, a surge in oil and LNG prices, and a chain reaction of events leading to a global energy crisis. Iran's retaliatory missiles, the involvement of Middle Eastern countries, and diplomatic conferences proceeding without the US or Iran...it's a situation that's a complete display of human folly.
There are also other interesting global chain reactions, such as Russian oil tankers ignoring the US blockade and heading to Cuba, the shadow of the situation in Ukraine, and Japan completing a ship equipped with Tomahawk missiles.
