🇦🇲🇦🇿 South Caucasus — Post-Karabakh

Active
📅 Day Ongoing 📍 Armenia–Azerbaijan border region 🗓 Started Ongoing (post-Sept 2023 offensive)
WarData Escalation Index
42
→ stable (90d)

Low — Monitoring

Post-Karabakh situation largely settled following Azerbaijan's September 2023 operation. Border demarcation ongoing. Peace treaty negotiations active.

Severity scale
0 — Calm50 — Active100 — Critical
Ethnic Armenians Displaced
100,000+
From Karabakh — 2023
Peace Treaty Status
Negotiating
EU-mediated talks ongoing
Border Incidents (90d)
3
Minor — no fatalities
Azerbaijan Mil. Spending
+$3.2B
FY2026 — continued buildup
Russian Peacekeepers
0
Withdrew Nov 2023
📊 Armenia-Azerbaijan peace treaty signed by end of 2026
48%
Polymarket prediction market
New armed conflict between Armenia and Azerbaijan by 2027
11%
Active traders
Armenia joins EU partnership framework by 2027
34%
Active traders
Market references are informational only, not trading advice.

🧠 Current Situation May 26, 2026

The situation in the South Caucasus has stabilized significantly following Azerbaijan's decisive 24-hour military operation in September 2023 that ended the Republic of Nagorno-Karabakh. Over 100,000 ethnic Armenians fled to Armenia in the aftermath, completing the demographic transformation of the region. The self-declared republic formally dissolved on January 1, 2024.

Peace treaty negotiations between Armenia and Azerbaijan continue under EU mediation, with both sides expressing intent to reach a final agreement. Key outstanding issues include border demarcation in several contested sections, the fate of Armenian prisoners of war, and connectivity arrangements for the Zangezur Corridor — a proposed land route through Armenian territory connecting Azerbaijan to its Nakhchivan exclave.

Armenia has pivoted strategically away from Russia, declining to participate in CSTO exercises and deepening ties with the EU and United States. This represents the most significant geopolitical realignment in the South Caucasus since independence. Russia's influence in the region has declined sharply, partly a consequence of its focus on Ukraine and the failure of its Karabakh peacekeeping mission.

🗺 Live Conflict Map

🔴 Incident locations (48h)   🟡 Active zones   🔵 Key sites

📈 Escalation Index — 90 Days

⚡ Recent Events

Armenia-Azerbaijan border talks — Brussels 5 days ago
EU-mediated session. Border demarcation maps exchanged for review. Progress assessed as slow.
Armenia — CSTO participation formally suspended 2 weeks ago
Yerevan continues strategic pivot toward EU/NATO partnership framework.
Zangezur Corridor — Sticking point remains 3 weeks ago
Azerbaijan insists on extraterritorial access. Armenia rejects. EU mediating compromise.
Azerbaijan military exercise — Nakhchivan 1 month ago
Routine exercise. No threatening posture assessed. Monitoring continues.