Suez Crisis led to a withdrawal. U.S. President Dwight D. Eisenhower had strongly warned Britain not to invade; he threatened serious damage to the British financial system by selling the US government's pound sterling bonds. Historians conclude the crisis "signified the end of Great Britain's role as one of the world's major powers". The Suez Canal was closed from October 1956 until March 1957. Israel fulfilled some of its objectives, such as attaining freedom of navigation through the Straits of Tiran, which Egypt had blocked to Israeli shipping since 1950. As a result of the conflict, the United Nations created the UNEF
Suez Crisis three nations which dominated the arms trade in the non-Communist world, namely the United States, the United Kingdom and France had signed the Tripartite Declaration, where they had committed themselves to limiting how much arms they could sell in the Near East, and also to ensuring that any arms sales to one side was matched by arms sales of equal quantity and quality to the other. Eisenhower viewed the Tripartite Declaration, which sharply restricted how many arms Egypt could buy in the West, as one of the key elements in keeping the peace between Israel and the Arabs, and believed