History rarely repeats itself, but it often rhymes. The Alaska summit between Donald Trump and Vladimir Putin was not a Munich 1938 moment of appeasement, as some critics argue, but rather a Yalta-style recognition of spheres of influence. Two Cold War titans, both seasoned in brinkmanship, showed they had no interest in burning the world to the ground for the sake of Ukraine’s Donbas. The real obstacle is not Moscow or Washington—it is younger European politicians, NATO bureaucrats, and President Volodymyr Zelensky himself, who have mistaken perpetual escalation for strategy. The outlines of a deal are already visible, and they...