In a significant diplomatic breakthrough, Yasser Arafat leads the Palestine Liberation Organization to drop its clause calling for Israel's removal.
Also The UN and Iraq end a third round of negotiations over Iraq's possible sale of $1 billion of oil for 90 days for a 180-day trial period.
In response, the Israeli government reciprocates by removing a similar clause regarding Palestine's existence, signalling potential progress towards peace.
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Waging relentless war against Israel, later on Yasser Arafat took up diplomacy as a tool for achieving his ends and signed Oslo Accord in early 1990s. In 1994, Yasser Arafat was awarded the Nobel Peace Prize along with Shimon Peres and Yitzhak Rabin for his endeavour to bring peace into the region.
Later when the Palestinian National Authority was formed, he was elected its President. Adored by his followers and hated by his detractors, Yasser Arafat remained an enigma until his death in 2004.
The UN and Iraq end a third round of negotiations over Iraq's possible sale of $1 billion of oil for 90 days for a 180-day trial period.