On What Really Matters, Walter Russell Mead discusses President Trump’s call with Putin, Israel’s attacks in Gaza, America’s attacks on the Houthis, and how the Sino-Russian-Iranian bloc is measuring up against what’s left of the United States-led alliance system.

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Gunners from the Armed Forces of Ukraine fire at Russian position with a 155 mm self-propelled howitzer 2C22 in the Kharkiv region on April 21, 2024. (Anatolii Stepanov/AFP via Getty Images)