Cod Wars Third Cod War (November 1975 – June 1976) began after Iceland again extended its fishing limits, now to from its coast. The British government did not recognise the large increase to the exclusion zone and so an issue occurred with British fishermen and their activity in the disputed zone. The conflict, which was the most hard-fought of the Cod Wars, saw British fishing trawlers have their nets cut by the Icelandic Coast Guard, and there were several incidents of ramming by Icelandic ships and British trawlers, frigates and tugboats. One of the most serious incidents occurred on 11 December 1975.
Collapse of the Atlantic northwest cod fishery that extended to 200 mi offshore. The government wanted to reverse declining fish stocks by removing foreign fishing within the new inshore fishery boundaries. With the absence of foreign fishing many Canadian and U.S fishing trawlers took their place and the number of cod kept diminishing past a point of recovery. Many local fishermen noticed the drastic decrease of cod and tried to inform local government officials. In 1986, scientists did a review of calculations and data after which they determined, in order to conserve cod fishing the total allowable catch rate had to be cut in half. However, even