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 1888 Suez Canal Convention), increased following the coup. In late 1954, Nasser began a policy of sponsoring raids into Israel by the "fedayeen", who almost always attacked civilians. The raids triggered a series of Israeli reprisal operations. The raids were targeted as much politically as against Israel militarily. It was Nasser's intention to win himself the laurels of the foremost anti-Zionist state as a way of establishing his leadership over the Arab world. Before 1954, the principal target of Nasser's speeches had been Britain. Only after the Anglo-Egyptian agreement on evacuating the canal zone did Israel emerge as one of