Yes, Iron Man is dead. Nevertheless, Anthony and Joe Russo might not fully understand the concept of the multiverse, because they arent sure how Tony Stark could return to the Marvel Cinematic Universe. Iron Man may have sacrificed his life to defeat and turn Thanos (Josh Brolin) and his army into dust at the conclusion of Avengers: Endgame, but actor Robert Downey Jr. is willing to reprise the role of the fallen superhero despite that tiny little obstacle of the character’s death. Anthony Russo said in an interview with GamesRadar+:
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