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 a series of challenges to British influence in the region that would culminate in the Suez Crisis. In regard to the Arab leadership, particularly venomous was the feud between Nasser and the Prime Minister of Iraq, Nuri el-Said, for Arab leadership, with the Cairo-based Voice of the Arabs radio station regularly calling for the overthrow of the government in Baghdad. The most important factors that drove Egyptian foreign policy in this period was on the one hand, a determination to see the entire Middle East as Egypt's rightful sphere of influence, and on the other, a tendency on the part