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
Raid on the Suez Canal Raid on the Suez Canal The Raid on the Suez Canal, also known as Actions on the Suez Canal, took place between 26 January and 4 February 1915 after a German-led Ottoman Army force advanced from Southern Palestine to attack the British Empire-protected Suez Canal, before the beginning of the Sinai and Palestine Campaign of World War I. Substantial Ottoman forces crossed the Sinai peninsula, but their attack failed mainly because of strongly held defences and alert defenders. Since its opening in 1869 the Suez Canal had featured prominently in British policy and concerns. Among its great advantages were as