Israel 102 out of 106 Israeli hostages were successfully rescued. The 1977 Knesset elections marked a major turning point in Israeli political history as Menachem Begin's Likud party took control from the Labor Party. Later that year, Egyptian President Anwar El Sadat made a trip to Israel and spoke before the Knesset in what was the first recognition of Israel by an Arab head of state. In the two years that followed, Sadat and Begin signed the Camp David Accords (1978) and the Israel–Egypt Peace Treaty (1979). In return, Israel withdrew from the Sinai Peninsula and agreed to enter negotiations over
History of Egypt under Anwar Sadat to Israel and appropriate $2.2 billion in emergency aid. OPEC oil ministers, led by Saudi Arabia retaliated with an oil embargo against the US. A UN resolution supported by the United States and the Soviet Union called for an end to hostilities and for peace talks to begin. On 5 March 1974 Israel withdrew the last of its troops from the west side of the Suez Canal, and 12 days later Arab oil ministers announced the end of the embargo against the United States. For Sadat and many Egyptians the war was seen as a victory, as the initial Egyptian