$re = '~<a [^>]*href="https://www\.youtube\.com/watch\?v=([^"&]+)[^>]*>(?s:.*?)</a>~m';
$str = '
<a target="_blank" href="https://www.youtube.com/watch?v=pahhmV4WUUU" >
</a>
';
$subst = "<iframe width=\"560\" height=\"315\" src=\"https://www.youtube.com/embed/$1\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen></iframe>";
$result = preg_replace($re, $subst, $str);
echo "The result of the substitution is ".$result;
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for PHP, please visit: http://php.net/manual/en/ref.pcre.php