This article examines the relationships between conflict, climate change, and disaster in forced displacement contexts. We present these nexus dynamics through the case of Rohingya refugees in Bangladesh who are exposed to climatic hazards and other vulnerabilities that threaten their lives and livelihoods. Having fled persecution by the Myanmar military, Rohingya refugees face a range of conflict- and climate-related risks, both in the overcrowded and disaster-prone camps in Cox's Bazar and on the island of Bhasan Char where Bangladeshi authorities have relocated tens of thousands of people. The protracted refugee crisis has exacerbated social tensions between the Rohingya and host communities; limited access to resources and exposure to significant hazards that exacerbate conflict-induced displacement challenges. This paper contributes to the nascent literature on the region's conflict, climate change, and disaster displacement nexus by examining how cascading risks and state fragility contribute to increased instability. The article demonstrates the need for a more nuanced understanding of how conflict-induced displacement leads to new threats and vulnerabilities in hazard-prone environments.