On What Really Matters, Walter Russell Mead discusses new sanctions on Russia, why America is entering a golden age of small-business creation, China’s ability to shut down oil imports, and why Iran is the hedgehog to Trump’s fox.
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A production line of the Glide, a high-altitude glider that delivers munitions across thousands of miles, is seen at the defense tech startup Mach Industries in Huntington Beach, California, on September 11, 2025. (Getty Images)