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,
Mikhail Gorbachev over his domestic reforms, Gorbachev was largely hailed in the West for his 'New Thinking' doctrine in foreign affairs. During his tenure, he sought to improve relations and trade with the West by reducing Cold War tensions. He established close relationships with several Western leaders, such as West German Chancellor Helmut Kohl, U.S. President Ronald Reagan, and British Prime Minister Margaret Thatcher, who famously remarked, "I like Mr. Gorbachev; we can do business together". Gorbachev understood the link between achieving international détente and domestic reform and thus began extending "New Thinking" abroad immediately. On 8 April 1985, he announced the