WW3 has already begun, according to one of the leaders in global finance.

Jamie Dimon, CEO of the world’s largest bank, JP Morgan Chase, said that the devastating battles in Ukraine and the Middle East indicate that global conflict is underway.

Speaking to the Institute of International Finance, he shared terrifying insight into the current state of geopolitics, and allegiances and power grabs and heeded us to look at past wars, to learn from previous mistakes.

READ MORE: WW3 fears as South Korea reacts to Kim Jong-un blowing up roads with gunfire

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He said: “World War III has already begun. You already have battles on the ground being co-ordinated in multiple countries.”

The banker added that he looks at what happens if “those things go south” to assess the risk, saying: “we run scenarios that would shock you. I don’t even want to mention them.”

Further painting a bleak and ominous picture, Dimon said the “axis of evil” — China, Russia, North Korea and Iran — are determined to destroy the new world order and the global community established after World War II, reports News.com.au.

He warned: “They’re talking about doing it now. They’re not talking about waiting 20 years. And so the risk of this is extraordinary if you read history.”

The Wall Street billionaire pegged their threat greater than climate change. Although he conceded this threat “may diminish over time”. He forewarned that “mistakes happen”.

He said: “Look at how we tripped into World War II. When Czechoslovakia was split up – sounds a little like Ukraine – that was the end of it. Until they invaded Poland.”

Dimon isn’t the only expert expressing a sense of urgency over current escalating tensions. Experts fear Iran may turn to nuclear weapons, as Israeli forces continue to weaken the state’s relationship with Hamas and Hezbollah.

Historian and visiting fellow at Boston University Arash Azizi said: “One major shift in the last year is that now an increasing number of Iranian strategists advocate for the country to get nuclear weapons and test them.”

Professor Anthony Glees, an academic at the University of Buckingham, said the world was in the midst of its latest global arms race following reports that North Korea is suspected to be supplying Russia with missiles,

The academic said the world was “approaching the endgame,” adding: “We should be in no doubt that this is a deeply dangerous moment in world history.”

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