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 the military response had ultimately achieved nothing. Additionally, the Soviet Union was able to avoid most repercussions from its violent suppression of the rebellion in Hungary, and were able to present an image at the United Nations as a defender of small powers against imperialism. As a direct result of the Crisis and in order to prevent further Soviet expansion in the region, Eisenhower asked Congress on 5 January 1957 for authorization to use military force if requested by any Middle Eastern nation to check aggression and, secondly, to set aside $200 million to help Middle Eastern countries that desired