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of Egypt of Western backers of Israel: a 5% cut in output, to be followed by reductions every month until Israel had withdrawn from all the occupied territories and the rights of the Palestinians had been restored.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
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