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Of all the violent disputes that have flared across the former Soviet Union since the late 1980s, the Armenia-Azerbaijan conflict is the only one to pose a genuine threat to peace and security throughout Eurasia. By right of its strategic location and oil resources, the Transcaucasus has been and will continue to be a source of interest for external powers competing to advance their geopolitical influence in the region. Under such conditions, the possibility will remain for the Armenia-Azerbaijan conflict to reignite and expand to include other powers.

The ten-year conflict between...

The opening of the Caspian Sea basin to Western investment following the breakup of the Soviet Union produced a major contest for access to the region's vast energy reserves on the part of powers as close as Russia, Turkey, and Iran, and as far away as Japan and the United States. Indeed, the struggle to exploit Caspian oil has been one of the most monumental geopolitical developments of the post-Cold War era as external powers vie for political, economic, and military influence in a region brimming not only with oil, but also with ethnic conflicts and historical animosities.

The coming...