Foreign relations of Iceland already being prepared. U.S. officials have since then argued that Iceland is in no need of a military presence. NATO allies since then conduct air policing after the U.S. Air Force withdrawal. Foreign relations of Iceland Iceland's closest relations are with Norway and other Nordic states, Canada and the United States. Iceland hosted the historic 1986 Reagan-Gorbachev summit in Reykjavík, which set the stage for the end of the Cold War. Iceland's principal historical international disputes involved disagreements over fishing rights. Conflict with the United Kingdom led to the so-called Cod Wars in 1952–56 because of the extension of the
Speeches and debates of Ronald Reagan the Berlin Wall. On June 12, 1987, he gave a speech at the Wall in which he challenged Soviet leader Mikhail Gorbachev to "Tear down this wall!" Reagan's senior staffers objected to the phrase, but Reagan overruled them saying, "I think we'll leave it in." "Tear down this wall!" has been called "The four most famous words of Ronald Reagan's Presidency." Although there is some disagreement over how much influence Reagan's words had on the destruction of the wall, the speech is remembered as an important moment in Cold War history and was listed by "Time" magazine as one of