Walter Russell Mead discusses the American Southwest’s pumping more crude oil than Kuwait, the International Criminal Court’s threat to arrest Israeli officials, the financial industry’s exodus from New York and California, and how support for Hamas could split the Democratic coalition on What Really Matters.
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An oil tanker is being unloaded with imported crude oil at the Qingdao Port Oil Terminal in Shandong Province, China on April 7, 2026. (Getty Images)