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| | Suez Crisis information - Search.com (Site not responding. Last check: ) |
 | | On 1956 July 26, Egypt, under the leadership of President Gamal Abdel Nasser announced the nationalization of the Suez Canal Company, which operated the vital trade route to the east, and in which British banks and business held a 44% stake. |
 | | Along with Suez, the United States was also dealing with the near-simultaneous Soviet Hungary crisis, and faced the public relations embarrassment (especially in the eyes of the Third World) of criticizing the Soviet Union's military intervention there while not also criticizing its two principal European allies' actions. |
 | | During the war, Israeli armed forces captured the east bank of the canal, which subsequently became the boundary between Egypt and Israel and was therefore closed until June, 1975. |
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