History of Israel occupied territories. In November 1977, Egyptian President Anwar Sadat broke 30 years of hostility with Israel by visiting Jerusalem at the invitation of Israeli Prime Minister Menachem Begin. Sadat's two-day visit included a speech before the Knesset and was a turning point in the history of the conflict. The Egyptian leader created a new psychological climate in the Middle East in which peace between Israel and its Arab neighbours seemed possible. Sadat recognized Israel's right to exist and established the basis for direct negotiations between Egypt and Israel. Following Sadat's visit, 350 Yom Kippur War veterans organized the Peace Now
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