New Delhi, Sept. 21 -- The Gulf nations are on high alert following the US warning, amid mounting fears that the Iran war could spiral out of control. Even countries far from the conflict are bracing for the fallout, worried that an escalation could send oil prices soaring.

It's clear the days of bloody wars have returned. Exhausted by two world wars, humanity created institutions like the United Nations. However, today the hallowed institution presents a sad picture of its growing irrelevance.

History seems to be repeating itself as leaders of the powerful nations became equally unbridled just before World War II broke out.

Between 1936 and 1939, the Rome-Berlin Treaty, Anti-Comintern Pact, Munich Treaty and Molotov-Ribbentrop Pact un...