Iceland in the Cold War due to clerical errors. Icelandic courts approved warrants by the Icelandic police to tap the phones of prominent Icelandic communists on six occasions during the period 1949-1968: During the 12-year reign of the , US-Icelandic relations were at their calmest. The government initiated major economic reforms that liberalized Iceland's economy and reduced Iceland's dependence on barter trade with the USSR. The Cod Wars were a series of confrontations between the United Kingdom and Iceland regarding fishing rights in the North Atlantic. Each of the disputes ended with Iceland's victory. The final Cod War concluded with a highly favorable agreement for
Cod Wars fishing communities lost access to rich areas and were devastated, with thousands of jobs lost. Since 1982, a exclusive economic zone has been the United Nations standard. The term "cod war" was coined by a British journalist in early September 1958. None of the Cod Wars met any of the common thresholds for a conventional war, and they may more accurately be described as militarised interstate disputes. There is only one confirmed death during the Cod Wars: an Icelandic engineer, who was accidentally killed in the Second Cod War. While he was repairing damage on the Icelandic gunboat "Ægir" after