Sounds like that to me too. This is just one of many recent "End Time" prophecies. The one to watch very closely is the peace treaty (Although temporary) between the Israelis and the Arabs. When that happens it will start the final seven years to Armageddon. We live in exciting times for sure.
The peace treaty will be between the Beast and Israel, who will make a peace covenant with Israel for 7 years and then break it at 3.5 years. It is not a treaty with the Arabs, per se. The Beast will in a sense tell the rest to back off Israel, at least for 3.5 years.