There was one moment during the war when we had the upper hand. It was the moment when Israel had succeeded in striking Hizbullah with strong and surprising force, Haifa was peaceful and the number of casualties was small. That was the right moment to stop the war, declare victory and move on to the diplomatic track.
This opportunity came when the G8 convened in St Petersburg on July 14, two days after the fighting broke out. The G8 formulated a four-point plan, and nothing could have been better for Israel. According to that plan, the three Israeli soldiers abducted to Gaza and Lebanon would be returned unharmed, the Katyusha rocket fire against Israel would stop, Israel would halt its military operations and pull back its forces, and it would also release the Hamas ministers and MPs.\
The G8 statement declared that the full responsibility for the crisis fell on Hamas and Hizbullah and asked the United Nations security council immediately to formulate a programme for the full implementation of resolution 1559. The statement called for the deployment of the Lebanese army in south Lebanon and suggested looking into the possibility of bringing an international force into the region. Israel and Lebanon were also asked to launch diplomatic talks.
The international atmosphere was also pro-Israel, even among the hostile media. Israel received international legitimacy for its response to the killing and abduction of its soldiers inside its sovereign territory, and all the politicians, especially Ehud Olmert, the prime minister, were amazed at how much the world loved us.
Guardian