Azerbaijan and Armenia signed a historic peace agreement onFriday at the White House, in a ceremony under the patronage of US PresidentDonald Trump, who hailed the deal as a major diplomatic breakthrough.
Trump, who mediated between Azerbaijani President IlhamAliyev and Armenian Prime Minister Nikol Pashinyan, added that Americancompanies would invest heavily in both countries. “This will positively impactthe economic situation in Azerbaijan and Armenia,” he stated.
Pashinyan also welcomed the deal, calling it "a greatpeace agreement that will have positive effects on the region and theworld." He added, "Today, we achieve a major milestone in building anew future between Armenia and Azerbaijan. This peace agreement will make theworld a better place."
The conflict between Baku and Yerevan stems from the status of the Nagorno-Karabakh region, an ethnically Armenian enclave within Azerbaijan. The two countries have fought two wars—one following the collapse of the Soviet Union, which ended in an Armenian victory, and a second in 2020, which Azerbaijan won.
Baku fully regained control of the territory in a brief offensive in September 2023, resulting in the displacement of over 100,000 Armenians from the disputed region.
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