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[[File:Port_Said_from_air.jpg|thumbnail|left|300px|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.