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 1965 Eisenhower told Jewish fundraiser and Republican party supporter Max M. Fisher that he greatly regretted forcing Israel to withdraw from the Sinai peninsula; Vice-President Nixon recalled that Eisenhower expressed the same view to him on several occasions. Lester B. Pearson, who would later become the Prime Minister of Canada, was awarded the Nobel Peace Prize in 1957 for his efforts in creating a mandate for a United Nations Peacekeeping Force, and he is considered the father of the modern concept of peacekeeping. The Suez Crisis contributed to the adoption of a new national flag of Canada in 1965, as