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Could Trump’s Iran Fiasco Be America’s Suez Crisis?

38 0
11.05.2026

CounterPunch Exclusives

CounterPunch Exclusives

Could Trump’s Iran Fiasco Be America’s Suez Crisis?

British antiwar protesters during the Suez crisis September 12, 1956. Photo: Socialist Worker archive

Empires rise and fall. They do not last forever. Imperial declines follow a gradual shifting of the economic tides, but are also punctuated and defined by critical tipping points. There are many differences between the Suez Crisis in 1956 and the US war on Iran today, but similarities in the larger context suggest that the United States is facing the same kind of “end of empire” moment that the British Empire faced in that historic crisis.

In 1956, the British Empire was still resisting independence movements in many of its colonies. The horrors of British Mau Mau concentration camps in Kenya and Britain’s brutal guerrilla war in Malaya continued throughout the 1950s, and, like the United States today, Britain still had military bases all over the world.

Britain’s imperial domination of Egypt began with its purchase of Egypt’s 44% share in the French-built Suez Canal in 1875. Seven years later, the British invaded Egypt, took over the management of the Canal and controlled access to it for 70 years.

After the Egyptian Revolution overthrew the British-controlled monarchy in 1952, the British agreed to withdraw and close their bases in Egypt by 1956, and to return control of the Suez Canal to Egypt by 1968.

But Egypt was increasingly threatened by Britain, France and Israel. Through the 1955 Baghdad Pact, the British recruited Turkey, Iraq, Iran and Pakistan to form the Central Treaty Organization, an anti-Soviet, anti-Egyptian alliance modeled on NATO in Europe. At the same time, Israel was attacking Egyptian forces in the Gaza Strip, and France was threatening Egypt for supporting Algeria’s war of independence.

Egypt’s President Nasser responded by forging new alliances with Saudi Arabia, Syria and other countries in the region, and, after failing to secure weapons from the US or USSR, Egypt bought large shipments of Soviet weapons from Czechoslovakia.

Upset with Egypt’s new alliances, the United States, Great Britain and the World Bank withdrew their financing from Egypt’s Aswan Dam project on the Nile. In response, Nasser stunned the world by nationalizing the Suez Canal Company and pledging to compensate its British and French shareholders.

British leaders saw the loss of the Suez Canal as unacceptable. Chancellor Harold Macmillan wrote in his diary, “If Nasser ‘gets away with it’, we are done for. The........

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