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

The proposed Trump Route for International Peace and Prosperity would run across southern Armenia, giving Azerbaijan a direct route to its exclave of Nakhchivan and in turn to Turkey.

WASHINGTON (Reuters) -Azerbaijan and Armenia signed a U.S.-brokered peace agreement on Friday during a meeting with U.S. President Donald Trump that would boost bilateral economic ties after decades of conflict and move them toward a full normalization of relations.