Turkey on Saturday welcomed a peace accord between Azerbaijan and Armenia and said it hoped a planned strategic transit corridor, which could boost exports of energy and other resources through the South Caucasus,

The leaders of Armenia and Azerbaijan shook hands as they joined President Donald Trump at the White House on Friday for a peace summit where they signed an agreement aimed at ending decades of conflict.

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