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 Donald Trump will meet the leaders of Azerbaijan and Armenia to sign a joint peace declaration aimed at ending decades of war at a White House meeting Friday, as well as pacts giving the US rights to develop a transit route through the South Caucasus.

US President Donald Trump on Friday said that long-time adversaries Armenia and Azerbaijan had committed to peace. "We've finally succeeded in making peace," Trump said at a signing ceremony with Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan at the White House.