On What Really Matters, Walter Russell Mead discusses the other strait Iran is threatening to close, the Trump administration’s interest in Ukrainian territorial concessions, rumors of increasing US troop deployments to the Middle East, and how the doves and the hawks both got Iran wrong.
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The Taiwan Semiconductor Manufacturing Company’s Fab 20, which specializes in the production of 2-nanometer advanced chips, in Hsinchu, Taiwan, on March 28, 2026. (Getty Images)