Smoke rises from oil tanks beside the Suez Canal hit during the initial Anglo-French assault on Port Said, 5 November 1956.
On July 26, 1956, Egyptian President Gamal Abdel Nasser announced the nationalization of the Suez Canal Company, the joint British-French enterprise which had owned and operated the Suez Canal since its construction in 1869. Nasser’s announcement came about following months of mounting political tensions between Egypt, Britain, and France.
Although Nasser offered full economic compensation for the Company, the British and French Governments, long suspicious of Nasser’s opposition to the continuation of their political influence in the region, were outraged by the nationalization. The Egyptian leader, in turn, resented what he saw as European efforts to perpetuate their colonial domination.
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