Menachem Begin office. In 1978 Begin, aided by Foreign Minister Moshe Dayan and Defense Minister Ezer Weizman, came to Washington and Camp David to negotiate the Camp David Accords, leading to the 1979 Egypt–Israel Peace Treaty with Egyptian President, Anwar Sadat. Before going to Washington to meet President Carter, Begin visited Rabbi Menachem M. Schneerson for his advice. Under the terms of the treaty, brokered by US President, Jimmy Carter, Israel was to hand over the Sinai Peninsula in its entirety to Egypt. The peace treaty with Egypt was a watershed moment in Middle Eastern history, as it was the first time
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