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TAG's Weekly News Analysis

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Changing Tune

Dear Friends,   What a government chooses not to do can be as meaningful as what it does. When Secretary of State Rubio boards a plane to Canada for the G7 but the administration boycotts the G20 in Johannesburg and skips COP30 in Brazil entirely, that’s not simply calendar management, it’s strategic signaling. When a former jihadist...

Carrots and Sticks, and Carrot Sticks

Dear Friends,   As we navigate another active week in global affairs, I’m struck by the expansive nature and wide range of Washington’s foreign policy efforts. From President Trump’s surprise confrontation with one of Africa’s most populous nations to the high-stakes electoral drama unfolding in Baghdad, Washington is trying to exert influence through a combination...

All Roads Lead to China 

Dear Friends,   It’s Halloween and Washington’s closing out a week of tricks and treats designed to counter Chinese influence on both the political and economic fronts. On his trip to Asia, President Trump was able to secure important trade and investment deals with Japan and South Korea to help temper Chinese regional dominance, but...

Power In Between

Dear Friends,   In the competition between the world’s heaviest economic hitters, there’s a ripe space for other well-positioned nations to build clout and exploit the tensions all around them. We’re seeing this in the Middle East, where Qatar continues to have an outsized impact on the Gaza ceasefire negotiations, in Afghanistan, where the Taliban...

A Mixed Bag of Weapons

Dear Friends,   The divide between economic and political deals is narrowing, and with it comes a host of tensions and opportunities. The trade war between China and the United States is heating up again, threatening supply chains and striking market fears, but the volatility is both derived from political tensions and forming new ones....

The Business of Peace

Dear Friends,   Two years after Hamas unleashed a devastating attack on Israel that spurred a wider regional battle and a tragic war in Gaza, we are in a moment of cautious hope. A Trump-brokered ceasefire promises to lower the temperature and allow both Palestinians and Israelis to pause and take a breath. It’s not...

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A World at War and A War of Worlds

The streets of Midtown East came alive with diplomacy this week, as global leaders convened for the 81st UN General Assembly (UNGA) and New Yorkers grumbled at the additional road closures. But underpinning discussions of peace and security is the cold hard fact that much of the world is either currently at war, or feeling...

The Oracle of Langley Returns: Jack Devine on Iran, Ukraine and the AI Arms Race

Former CIA acting director Jack Devine is back on Risk & Return, six months after he called the Iran conflict almost move for move. This week he tells Bob Sloan and Charlie Gasparino why there is still no deal on the table, why Tehran thinks it has the upper hand heading into the midterms, and...

‘The rules have changed’: has Russia begun to order assassinations on US soil?

Why would the Russians cross this red line? Jack Devine, a former associate director of operations at the CIA, said that the Kremlin had perhaps become blase about the potential repercussions – but that it could prove to be a misstep.

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Conflicts, Controversy, and Corruption,

Tehran is sustaining pressure on the Strait of Hormuz to keep energy prices elevated while deliberately keeping the conflict below the threshold of full-scale war. Iranian hardliners see rising US inflation and the Fed's recent rate hike as evidence that their strategy is increasing pressure on Washington, but Iran's growing economic isolation—including tighter Turkish trade...

Lines of Leverage

Iran's shifting its pressure campaign from Hormuz toward the Bab el-Mandeb this week, betting that growing Houthi control of the Red Sea chokepoint can provide Tehran with greater leverage over Washington. Shipping volumes through Hormuz have collapsed amid renewed US-Iran kinetic flare-ups, while rapid Houthi advances in Yemen now threaten to give Iran an additional...

Bloomberg Surveillance: CPI and Security

[19:00] Jack Devine, former CIA official and founder of The Arkin Group, reflects on 25 years since 9/11 and the current state of US national security.

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