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Egyptian President Gamal Abdel Nassar announced Egypt was taking control of the British and French owned Suez Canal Company in July 1956.  He took this action to fund the Aswan Dam he wanted built.  In response to Nassar seizing the canal, Britain, France, and Israel secretly planned a joint invasion.  Israel would advance towards the canal through the Sinai Peninsula while Britain and France would intervene and regain control of the canal under the guise of being peacekeepers.  Barry Turner explains why the plan did not work in, “Suez 1956: The Inside Story of the First Oil War.”