On July 26, 1956, Gamal Abdel Nasser seized the Suez Canal from the foreign company that had run it for eighty-seven years, a broadcast that ended in a secret invasion plan, a currency crisis, and the collapse of British and French power in the Middle East. This episode traces the sovereignty claims, the broken agreements, and the Cold War maneuvering on every side of the Suez Crisis, and connects it directly to Panama's 2026 seizure of its own canal ports from a foreign concession holder.