Why did oil become scarce in Britain after Egypt closed the Suez Canal in 1956? A. Oil could not be transported from the Middle
East through the Suez Canal. B. Oil wells in Egypt had to be closed down. C. Shipping industries in Britain went on strike because of the closure. D. Iran and Iraq refused to export oil to Britain. E. British oil rigs shut their operations in the Middle East.
"Nasser's decision threatened British and French stock holdings in the Company and, as the Canal afforded Western countries access to Middle Eastern oil, also threatened to cut off Europe's oil supply." according to an article.
