 In July 1956, the United States and Britain withdrew their offer to fund the Aswan High Dam project on the Nile and a week later, Nasser ordered the nationalization of the French and British-controlled Suez Canal.In late 1956, the bellicosity of statements Arab prompted Israel to remove the threat of the concentrated Egyptian forces in the Sinai, and Israel invaded the Egyptian Sinai peninsula.Other Israeli aims were elimination of the fedayeen incursions into Israel that made life unbearable for its southern population, and opening the blockaded Straits of Tiran for Israeli ships.