Egyptian nationalization of the Suez Canal during the Suez Crisis meant that "The Egyptian government took control of the canal" specifically from Great Britain.
The main way in which sermons differ from those of more traditional ministers is that sermons provide more of a "lecture," and speak to a specific topic that the minister feels is important.
If affected American Trade in the west because it prevented the travel through Louisiana, which resulted in less trade, thus an economic defect.