The Suez Crisis, 1956
This began after Egypt and Russia aligned with each other and Egypt began recieving arms from Czechoslovakia. this crisis really blew up after the leader of Egypt Gamal Nasser nationalizes the suez canal, which had been run by the French with the British government as the largest single shareholder. This threatened Israel not only because war seemed inevtitable but also it threatened them economically because the canal represents the only direct means of travel from the Mediterranean to the Indian Ocean, making it vital to the flow of trade between Asia, the Middle East, Europe, and the U.S. This also threatened France and Britain who were struggling to maintain their influence on the middle east and Northern africa.
the Israelis attacked first under their policies knowing that France and Britain
would join in once this happened. This angered the U.S who threatened to cut off oil if they didn’t back out. The crisis was soon controlled by the UN
Peacekeeping Force and Israel’s economy flourished under the new guidelines. The influence of power in the region quickly changed from Britain and France to Russia and U.S.A.