Suez canal links Red sea and Mediterranean sea. And beacuse of its construction Indian ocean has becoem an important trade route between Western and Eastern hemisphere.
Suez Crisis, (1956), international crisis in the Middle East, precipitated on July 26, 1956, when the Egyptian president, Gamal Abdel Nasser, nationalized the Suez Canal. The canal had been owned by the Suez Canal Company, which was controlled by French and British interests.
The Suez Crisis was provoked by an American and British decision not to finance Egypt’s construction of the Aswan High Dam, as they had promised, in response to Egypt’s growing ties with communist Czechoslovakia and the Soviet Union. Nasser reacted to the American and British decision by declaring martial law in the canal zone and seizing control of the Suez Canal Company, predicting that the tolls collected from ships passing through the canal would pay for the dam’s construction within five years. Britain and France feared that Nasser might close the canal and cut off shipments of petroleum flowing from the Persian Gulf to western Europe. When diplomatic efforts to settle the crisis failed, Britain and France secretly prepared military action to regain control of the canal and, if possible, to depose Nasser. They found a ready ally in Israel, whose hostility toward Egypt had been exacerbated by Nasser’s blockage of the Straits of Tīrān (at the mouth of the Gulf of Aqaba) and the numerous raids by Egyptian-supported commandos into Israel during 1955–56.
On October 29, 1956, 10 Israeli brigades invaded Egypt and advanced toward the canal, routing Egyptian forces. Britain and France, following their plan, demanded that Israeli and Egyptian troops withdraw from the canal, and they announced that they would intervene to enforce a cease-fire ordered by the United Nations. On November 5 and 6, British and French forces landed at Port Said and Port Fuad and began occupying the canal zone. This move was soon met by growing opposition at home and by U.S.-sponsored resolutions in the UN (made in part to counter Soviet threats of intervention), which quickly put a stop to the Anglo-French action. On December 22 the UN evacuated British and French troops, and Israeli forces withdrew in March 1957.
Nasser emerged from the Suez Crisis a victor and a hero for the cause of Arab and Egyptian nationalism. Israel did not win freedom to use the canal, but it did regain shipping rights in the Straits of Tīrān. Britain and France, less fortunate, lost most of their influence in the Middle East as a result of the episode.