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Also, why did Egypt seize control of the Suez Canal?
The Suez Crisis was precipitated by Egyptian President Gamal Abdel Nasser's decision in July 1956 to nationalize the 120-mile Suez Canal, which had been jointly controlled by Great Britain and France, in part to fund construction of the Aswan Dam across the Nile River, a project that Western countries had refused to
Hereof, who has control of the Suez Canal?
The canal remained under the control of two powers until Nasser nationalized it in 1956; it has since been operated by the Suez Canal Authority .
The United Kingdom and France owned the canal until July 1956, when the President of Egypt, Gamal Abdel Nasser, nationalized it - an event which led to the Suez Crisis of October–November 1956. The canal is owned and maintained by the Suez Canal Authority (SCA) of Egypt.