Nevertheless, the embargo lasted only until January 1974, though the price of oil remained high afterwards. ![]() OAPEC countries cut production of oil and placed an embargo on oil exports to the United States after Richard Nixon requested $2.2 billion to support Israel's war effort. Following the Yom Kippur War, the canal was cleared in 1974 and opened again in 1975. ![]() The Six-Day War of 1967 included an Israeli invasion of the Egyptian Sinai Peninsula, which resulted in Egypt closing the Suez Canal for eight years. As a result of the war, the Suez Canal was closed for several months between 19. The Suez Crisis, also known as the Second Arab–Israeli war, was sparked by Israel's southern port of Eilat being blocked by Egypt, which also nationalized the Suez Canal belonging to French and British investors. Ever since Israel declared independence in 1948 there was conflict between Arabs and Israelis in the Middle East, including several wars.
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