Suez Crisis Peacekeepers to police the Egyptian–Israeli border, British Prime Minister Anthony Eden resigned, Canadian Minister of External Affairs Lester Pearson won the Nobel Peace Prize, and the USSR may have been emboldened to invade Hungary. The Suez Canal was opened in 1869, after ten years of work financed by the French and Egyptian governments. The canal was operated by the Universal Company of the Suez Maritime Canal, an Egyptian-chartered company; the area surrounding the canal remained sovereign Egyptian territory and the only land-bridge between Africa and Asia. The canal instantly became strategically important, as it provided the shortest ocean link between
Suez Crisis a series of challenges to British influence in the region that would culminate in the Suez Crisis. In regard to the Arab leadership, particularly venomous was the feud between Nasser and the Prime Minister of Iraq, Nuri el-Said, for Arab leadership, with the Cairo-based Voice of the Arabs radio station regularly calling for the overthrow of the government in Baghdad. The most important factors that drove Egyptian foreign policy in this period was on the one hand, a determination to see the entire Middle East as Egypt's rightful sphere of influence, and on the other, a tendency on the part