# Ray Dalio: "We are in the early stages of a world war that isn't going to end anytime soon" He pointed to conflicts in Ukraine, Gaza,.

*business · news · 2026-04-08 · Business Insider*

## Key points

- Ray Dalio warns the world is in the early stages of a new world war.
- Dalio estimates over a 50% chance of major new conflicts within five years.
- He argues markets are wrongly assuming normalcy will return after the Iran conflict.
- Dalio says the global order is shifting from US-led rules to a 'might-is-right' system.
- He cautions the US is overextended and less resilient than it appears.

**Companies:** Bridgewater Associates
**Countries:** United States, Iran, Russia, Ukraine, North Korea, China

[Read the full story on Business Insider](https://www.businessinsider.com/ray-dalio-world-war-iran-us-china-bridgewater-changing-order-2026-4)

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