Transboundary rivers have been a source of increasing disputes due to growing populations and economies, as well as the consequences of environmental change. With the increase in river flow utilization, concerns about potential violent interstate conflicts have arisen in public debates. However, academic literature argues for more nuanced and evidence-based views of transboundary water conflicts and proposes problem-solving tools based on water diplomacy and cooperation. Using the Eastern Nile conflict as a case study, this paper identifies eight common misconceptions regarding the conflict surrounding the construction of the Grand Ethiopian Renaissance Dam (GERD). The paper contextualizes the GERD conflict within the broader transformation of river utilization towards greater competition for water use. The ongoing Eastern Nile conflict goes beyond technical affairs related to the dam operations and involves broader issues of rights to water use, national development, and climate variability and change. It is also embedded in complex regional hydro-politics that involves new actors. Recent academic evidence shows that Eastern Nile riparian countries (Egypt, Sudan, and Ethiopia) face unique negotiating realities and diverse environmental impacts as a result of the GERD conflict. The Eastern Nile conflict presents an opportunity to facilitate benefit-sharing in the Nile Basin. Water cooperation remains the only realistic option to resolve transboundary water conflicts in the region.