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 political point of view, resulting in international criticism and diplomatic pressure. Along with the Suez crisis, the United States was also dealing with the near-simultaneous Hungarian revolution. Vice President Richard Nixon later explained: "We couldn't on one hand, complain about the Soviets intervening in Hungary and, on the other hand, approve of the British and the French picking that particular time to intervene against Nasser". Beyond that, it was Eisenhower's belief that if the United States were seen to acquiesce in the attack on Egypt, that the resulting backlash in the Arab world might win the Arabs over to