Explain in 3-4 sentences Oslo Accords. also include the year.

The Oslo Accords were a series of agreements between Israel and the Palestine Liberation Organization (PLO) signed in 1993. The accords aimed to create a framework for resolving the Israeli-Palestinian conflict by establishing a system for Palestinian self-governance in the West Bank and Gaza Strip. However, despite the initial optimism, the Oslo Accords ultimately failed to bring lasting peace to the region, with disputes over borders, security, and the status of Jerusalem remaining unresolved.