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 fall back towards the Suez Canal, so at first Bar-Lev and his men met little resistance as they advanced across the northern Sinai. Hearing of the order to withdraw, General al-Abd and his men left Rafah on the morning of 1 November through a gap in the Israeli lines, and headed back towards the canal zone. Three hours later, the Israelis took Rafah. It was reported that after taking Rafah, Israeli troops killed 111 people, including 103 refugees, in Rafah's Palestinian refugee camp. The circumstances of the killings are disputed. Not until the Jeradi Pass in the northern Sinai did