History of the Republic of Egypt of Western backers of Israel: a 5% cut in output, to be followed by reductions every month until Israel had withdrawn from all the occupied territories and the rights of the Palestinians had been restored. A UN resolution supported by the United States and the Soviet Union called for an end to hostilities and for peace talks to begin. For President Anwar Sadat, however, the war was much more a victory than a draw, as the Egyptian successes restored Egyptian pride and led to peace talks with the Israelis and to Egypt regaining the entire Sinai peninsula. In foreign relations
Menachem Begin an Arab state recognized Israel's legitimacy whereas Israel effectively accepted the land for peace principle as blueprint for resolving the Arab–Israeli conflict. Given Egypt’s prominent position within the Arab World, especially as Israel's biggest and most powerful enemy, the treaty had far reaching strategic and geopolitical implications. Almost overnight, Begin's public image of an irresponsible nationalist radical was transformed into that of a statesman of historic proportions. This image was reinforced by international recognition which culminated with him being awarded, together with Sadat, the Nobel Peace Prize in 1978. Yet while establishing Begin as a leader with broad public appeal,