Why were France and Britain upset that Egypt took control of the Suez Canal?

The Suez Crisis was precipitated by Egyptian President Gamal Abdel Nasser's decision in July 1956 to nationalize the 120-mile Suez Canal, which had been jointly controlled by Great Britain and France, in part to fund construction of the Aswan Dam across the Nile River, a project that Western countries had refused to ...

Explanation:

companies passed on production and transportation costs to consumers