Iceland–United States relations to a number of the same international organizations, including the United Nations, the Organization for Security and Co-operation in Europe, Arctic Council, Organisation for Economic Co-operation and Development, International Monetary Fund, World Bank, and World Trade Organization. Only two U.S. presidents have visited Iceland whilst in office: Richard Nixon in 31 May-1 June 1973 and Ronald Reagan in 9–12 October 1986. President Richard Nixon was the first U.S. president to visit Iceland when he visited on 31 May - 1 June 1973. Reagan attended the Reykjavík Summit in 9–12 October 1986 with Soviet leader Mikhail Gorbachev. It was a highly
Washington Summit many supporters of both leaders, Reagan and Gorbachev began putting resources into INF Treaty negotiations. This, in addition to various troubles foreign and domestic in both countries led to a tense time preceding the Washington Summit. For Reagan, trouble with the stock market, failure to win approval for Supreme-Court-nominee Robert Bork, and the Iran-Contra scandal were all generating political pressure. Also, criticism from an uncharacteristically large number of notable conservatives including former President Richard Nixon, former Secretary of State Henry Kissinger, commentator William Buckley, as well as members of his own administration resulted in a contentious political atmosphere around the