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 Direct military intervention, however, ran the risk of angering Washington and damaging Anglo-Arab relations. As a result, the British government concluded a secret military pact with France and Israel that was aimed at regaining control over the Suez Canal. The French Prime Minister Guy Mollet, outraged by Nasser's move, determined that Nasser would not get his way. French public opinion very much supported Mollet, and apart from the Communists, all of the criticism of his government came from the right, who very publicly doubted that a socialist like Mollet had the guts to go to war with Nasser. During an