Suez 1956, just a few days after the fourth anniversary of the Egyptian Revolution of 1952, the Egyptian government under President Gamal Abdel Nasser nationalised the Suez Canal Company, which had been run by the French and owned privately, with the British as the largest shareholders. The Israeli–British–French invasion of Egypt which followed is known in Egypt as the Tripartite Aggression but elsewhere as the Suez Crisis. Following Israel's invasion and occupation of Egypt's Sinai Peninsula in the Six-Day War of 1967, the Canal was closed, and did not reopen until 1975. Today, the Canal is a vital link in world
Suez Crisis the military response had ultimately achieved nothing. Additionally, the Soviet Union was able to avoid most repercussions from its violent suppression of the rebellion in Hungary, and were able to present an image at the United Nations as a defender of small powers against imperialism. As a direct result of the Crisis and in order to prevent further Soviet expansion in the region, Eisenhower asked Congress on 5 January 1957 for authorization to use military force if requested by any Middle Eastern nation to check aggression and, secondly, to set aside $200 million to help Middle Eastern countries that desired