On What Really Matters, Walter Russel Mead discusses Iran’s stranglehold on the Strait of Hormuz, Presdient Donald Trump’s creation of a $1.8 billion slush fund, the noose tightening around Cuba, and what Walter saw and heard on a recent trip to Ukraine.
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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)