Language in the "peace deal" will give the U.S. exclusive rights to develop a key transit route that will be named after Trump.

President Trump mediated a historic peace deal between Armenia and Azerbaijan, ending a long conflict and signing economic agreements to integrate the South Caucasus with the U.S. economy.

The leaders of Azerbaijan and Armenia signed an agreement aimed at ending decades of conflict as they were hosted by President Donald Trump at the White House on Friday. Azerbaijan's President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan shook hands after the US president described the event as "historic".