Cod Wars Iceland's unilateral extension of its fishery limits from . Unlike in the Cod Wars, the Royal Navy was never sent into Icelandic waters. The British trawling industry, however, implemented costly sanctions on Iceland by imposing a landing ban on Icelandic fish in British ports. The landing ban was a major blow to the Icelandic fishing industry (the UK was Iceland's largest export market for fish) and caused consternation among Icelandic statesmen. The two sides decided to refer one part of the Icelandic extension to the ICJ in early 1953: the controversial Faxa Bay delimitation. Cold War politics proved favourable for
Cod Wars Wars because Icelandic statesmen were too greatly constrained by domestic politics to offer compromises to the British, but British statesmen were not as constrained by public opinion at home. International relations scholars such as Robert Keohane, Joseph Nye, Hans Morgenthau, Henry Kissinger and Ned Lebow have written on the Cod Wars. The 2016 review article finds that lessons from the Cod Wars have most commonly been applied to liberal and realist international relations theory and theories on asymmetric bargaining. It claims that the Cod Wars are widely seen as inconsistent with the precepts of the liberal peace, since democracy, trade