the egyptian leader who seized the suez canal was
Suez Crisis Nasser's response was the nationalization of the Suez Canal. On 26 July, in a speech in Alexandria, Nasser gave a riposte to Dulles. During his speech he deliberately pronounced the name of Ferdinand de Lesseps, the builder of the canal, a code-word for Egyptian forces to seize control of the canal and implement its nationalization.[109] He announced that the Nationalization Law had been published, that all assets of the Suez Canal Company had been frozen, and that stockholders would be paid the price of their shares according to the day's closing price on the Paris Stock Exchange.[110] That same day, Egypt closed the canal to Israeli shipping.[111] Egypt also closed the Straits of Tiran to Israeli shipping, and blockaded the Gulf of Aqaba, in contravention of the Constantinople Convention of 1888. Many argued that this was also a violation of the 1949 Armistice Agreements.[112][113]