The new geopolitical landscape: What investors should be watching next

Geopolitical risk has shifted from episodic disruption to a structural driver of markets, reshaping the investment landscape.  In this season’s inaugural episode, Alex Kazan, Managing Director, Strategic Partnership at Eurasia Group outlines the scale of this transition, highlighting how major economies now act as sources of geopolitical risk and volatility, with implications for policy continuity, trust and risk premia.  Against this backdrop, investors must navigate a more complex environment defined by US policy uncertainty, intensifying strategic competition and evolving geopolitical alignments. The discussion explores how these dynamics are redefining baseline assumptions across capital allocation, supply chains and energy security, with particular focus on China’s evolving positioning and the persistent sources of escalation risk in the Middle East. Chapters (00:00:00) - Introduction(00:00:35) - The new geopolitical baseline: Cyclical vs secular risks(00:03:46) - The US: Domestic drivers of geopolitical risk(00:06:45) - US foreign policy(00:09:08) - Iran war: The long-term implications(00:10:58) - China's positioning