Walter Russell Mead discusses Iran-backed attacks on global commerce, whether America is a gerontocracy, how oil is saving Joe Biden’s hide, and why Anglo-American power is the big story of world history on his podcast, What Really Matters.

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This photograph shows a Dassault Rafale aircraft parked on the tarmac of the French Air and Space Force Luxeuil-Saint-Sauveur Airbase in Saint-Sauveur, France, on March 18, 2025. (Ludovic Marin/AFP via Getty Images)