Barack ObamaU.S. President Barack Obama won the Nobel Peace Prize on Friday (October 9) for giving the world “hope for a better future”, due to his effort for peace and calls to reduce the global stockpile of nuclear weapons.

The Norwegian Nobel Committee praised the first African-American President for “his extraordinary efforts to strengthen international diplomacy and cooperation between peoples.”

Since taking office in January, Obama has worked to restart the stalled Middle East peace, helping him beat out 205 other nominees. The award is chosen by the five-member Norwegian Nobel Committee, who has remained quiet regarding its decision.

He is awarded the prize less than nine months into his presidency. Despite trying to patch things up in the Middle East, he has yet to really breakthrough. And is also facing difficult decisions with the war in Afghanistan.

“Very rarely has a person to the same extent as Obama captured the world’s attention and given its people hope for a better future,” the committee said.

It awarded the prize to Obama less than nine months into his presidency. Despite setting out an ambitious international agenda, he has yet to score any breakthrough on the Middle East or Iran’s nuclear program, and faces difficult choices on the conduct of the war in Afghanistan.

The Nobel Peace Prize is worth around $1.4 million, and is scheduled to be presented in Oslo on December 10.