Likud economic positions that are more in line with popular preferences. Likud has historically espoused opposition to Palestinian statehood and support of Israeli settlements in the West Bank and Gaza Strip. However, it has also been the party that carried out the first peace agreements with Arab states. For instance, in 1979, Likud Prime Minister Menachem Begin signed the Camp David Accords with Egyptian President Anwar al-Sadat, which returned the Sinai Peninsula (occupied by Israel in the Six-Day War of 1967) to Egypt in return for peace between the two countries. Yitzhak Shamir was the first Israeli Prime Minister to meet
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