Marvel has released the first trailer for Iron Man 3, slated to hit U.S. theaters on May 3, 2013. In the two-minute trailer John Stark starts by saying he’s got “a lot of apologies to make.” But it’s tough to guess exactly what the plot is about. There are, however, rumors Iron Man will face his archenemy Mandarin. The 2-minute trailer gives you a peek at the cast as well as quite a bit of footage of the destruction of Stark’s coastal headquarters which, shall we say, looks quite awesome. Check out the trailer above posted by Marvel UK.