Yes, that's a/the Cold War. I don't think anyone would deny that the Cold War is continuing, it's just that no one has ever called it WW III, since the terms "W

Yes, that's a/the Cold War. I don't think anyone would deny that the Cold War is continuing, it's just that no one has ever called it WW III, since the terms "WW I" & "WW II" have always explicitly referred to hot wars