The Second Karabakh War, sometimes called the six-week war, took the lives of thousands of Armenian and Azerbaijani soldiers, abruptly changed the status quo in the Karabakh conflict that had existed since the end of the First Karabakh War in 1994, and reformatted the geopolitical configuration of the South Caucasus. It is also likely to become a turning point in the history of the post-Soviet world. It happened so recently that emotions and propaganda still prevail in the information flows. Data is fragmentary; even the exact number of casualties is not known. Exchange of prisoners of war is still ongoing. Borders are being delineated. Many details about the course of the warfare are unclear. It is too soon for conclusions. Now that the fighting is over, media battles are becoming more heated. Myth-making is on the rise in various groups and communities in third countries as well as in Armenia, Azerbaijan and Nagorno-Karabakh. Narratives about the Second Karabakh War vary depending on the stance of journalists and experts in the political realities of their own countries, including countries far away from the Caucasus. This working paper analyzes the rationale behind the Second Karabakh War, the new dynamics to the old conflict as well as the implications of the conflict for the region and the wider world.