Suez Crisis participated in later years, since Canada had spearheaded the idea of a neutral force). By 24 April 1957 the canal was fully reopened to shipping. Egyptian sovereignty and ownership of the canal had been confirmed by the United States and the United Nations. In retirement, Anthony Eden, the British Prime Minister at the time, maintained that the military response had prevented a much larger war in the Middle East. Israel had been expecting an Egyptian invasion in either March or April 1957, as well as a Soviet invasion of Syria. The crisis may also have hastened decolonization, as many of
Suez Crisis going to war" in November 1956 as he claimed at the time as he lacked the necessary ICBMs to make good his threats. The United States also put financial pressure on the UK to end the invasion. Because the Bank of England had lost $45 million between 30 October and 2 November, and Britain's oil supply had been restricted by the closing of the Suez Canal, the British sought immediate assistance from the IMF, but it was denied by the United States. Eisenhower in fact ordered his Secretary of the Treasury, George M. Humphrey, to prepare to sell part of