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.

Residents and politicians in Armenia and Azerbaijan responded Saturday with cautious hope — and skepticism in some cases — after their leaders signed a U.S.-brokered agreement at the White House