Final answer:
The Oslo Accords was a peace agreement between Israel and the Palestinian Liberation Organization (PLO) that aimed to provide a framework for future negotiations on issues related to Israeli-Palestinian sovereignty in disputed territories.
Step-by-step explanation:
The peace agreement between two parties, often referred to as the Oslo Accords, was an agreement between Israel and the Palestinian Liberation Organization (PLO) that aimed to provide a framework for future negotiations on issues related to Israeli-Palestinian sovereignty in disputed territories and other matters dealing with relations between Israelis and Palestinians.
Formally accepted in September 1993, the Oslo Accords required the Israeli military forces to withdraw from the West Bank and Gaza Strip and established an organization to oversee the gradual transfer of authority to the Palestinians.
While the Oslo Accords provided hope for a peaceful resolution of the Israeli-Palestinian conflict, further negotiations were needed to address specific details and challenges.