In June 1956 the 74-year British occupation of the Suez Canal ended.
In July 1956 the Egyptian president, Gamal Abdel Nasser, nationalized the Suez Canal.
In October 1956 Israeli brigades invaded Egypt and advanced toward the canal, routing Egyptian forces. Britain and France 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.
In November 1956 British and French forces began occupying the canal zone—but growing opposition at home and by U.S.-sponsored resolutions in the UN stopped the Anglo-French action.
In December 1956 the UN evacuated British and French troops.
In March 1957 Israeli forces withdrew.
Source: Wikipedia