So no, then it clearly wasn't about shipping lanes and freedom of navigation but just about taking the credit. After all if Israel was going to do it instead it could simply be solved by waiting a little bit. These guys are super transactional and they were afraid they missed the moment that would allow them to take credit and use it as coin for exchange.
Israel tried already if you recall and clearly they couldn't though they certainly tried their hand at shock and awing. The transactional aspect is vis-a-vis Egypt.
Egypt is bleeding money because of loss of transit fees. However, this Muslim Brotherhood wary nation is not keen on the announced ethnic cleansing in Gaza (to Sinai). So this could be inducement to have them host an open air concentration camp with guarantees that navigation through the Suez Canal will resume.