Nelson Strobridge "Strobe" Talbott III (born April 25, 1946) is an American foreign policy analyst associated with Yale University and the Brookings Institution, a former journalist associated with Time magazine and diplomat who served as the Deputy Secretary of State from 1994 to 2001.

Talbott, active in journalism and the diplomatic community has been involved with the America Abroad Media Advisory Board, American Academy of Diplomacy, Bretton Woods Committee, Council on Foreign Relations and the Trilateral Commission.

Born in Dayton, Ohio to Jo and Bud Talbott, Talbott attended the Hotchkiss School in Connecticut and graduated from Yale University in 1968 where he was chairman of the Yale Daily News, a position whose previous incumbents include Henry Luce, William F. Buckley, and Joe Lieberman. He was also a member of the Scholar of the House program in 1967-8, and participated in the Skull and Bones Society. He became friends with former President Bill Clinton when both were Rhodes Scholars at the University of Oxford; during his studies there he translated Nikita Khrushchev's memoirs into English.