Washington, Aug. 8 -- The United States has brokered a historic peace deal between Armenia and Azerbaijan, ending decades of conflict over Nagorno-Karabakh enclave. The agreement, announced on Friday, was hailed by US President Donald Trump as a major diplomatic breakthrough that will strengthen regional stability and open doors for trade and investment.

At the signing ceremony, US President Donald Trump said, "It's a long time. Thirty-five years they fought and now they're friends and they're going to be friends for a long time."

He explained that the new transit route will give Azerbaijan full access to the territory of Nagorno-Karabakh while respecting Armenia's sovereignty. The US will develop the corridor for "up to 99 years."

"Th...