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The issue over the disputed territories in the South China Sea has indeed heightened tension in the region. It involves several countries, mainly China, the Philippines, Vietnam, Malaysia, Taiwan, and Brunei. The tensions stem from the rich natural resources (including oil and fish) as well as strategically important shipping lanes.
China has been particularly assertive with its nine-dash line that virtually claims almost the entire South China Sea. This claim has been denounced by the other involved countries as well as rejected by the international community, with reference to international law and treaties, particularly the United Nations Convention on the Law of the Sea.
The most dangerous part of this dispute is militarization in the area. China has been known to build artificial islands and military bases, which have increased the risks of military confrontations. There have been instances of near-collisions and warnings exchanged between military vessels of the disputing parties.
However, it is interesting to note that while the situation is indeed alarming, the idea that it could lead to a global conflict like World War III is somewhat considered a stretch by many experts. They believe that the involved countries, as well as the global community, understand the catastrophic impact of such a scenario and are more likely to prevent it from happening.
Nonetheless, it is evident that there is a need for a peaceful resolution to ensure stability in the region. This requires respect for international law, diplomacy, negotiations, and perhaps a certain level of compromise.