Iceland in the Cold War the military protection of the United States, even if the economic benefits of the US military presence are gone. With the withdrawal of US forces, the country's military co-operation with other allied NATO countries, such as Norway, has increased. Iceland in the Cold War Throughout the Cold War, the nation of Iceland was a member of the North Atlantic Treaty Organisation (NATO) and allied with the United States, hosting a US military presence in Keflavík Air Base from 1951 to 2006. In 1986, Iceland hosted a summit in Reykjavík between United States President Ronald Reagan and Soviet Premier Mikhail Gorbachev,
Presidency of Ronald Reagan Regan with Howard Baker. The investigations into the Iran–Contra scandal continued after Reagan left office, but were effectively halted when President George H. W. Bush pardoned Secretary of Defense Caspar Weinberger before his trial began. Investigators did not find conclusive proof that Reagan had known about the aid provided to the Contras, but Walsh's report noted that Reagan had "created the conditions which made possible the crimes committed by others" and had "knowingly participated or acquiesced in covering up the scandal." Three different Soviet leaders died between 1982 and 1985, leaving the Soviets with an unstable leadership until Mikhail Gorbachev