Iceland in the Cold War Iceland, as the United Kingdom conceded to a Icelandic exclusive fishery zone following threats that Iceland would leave NATO. As a result, British fishing communities lost access to rich areas and were devastated, with thousands of jobs lost. The term "cod war" was coined by a British journalist in early September 1958. None of the Cod Wars meets any of the common thresholds for a conventional war, though, and they may more accurately be described as militarized interstate disputes. There is only one confirmed death during the Cod Wars: an Icelandic engineer killed in the Second Cod War. Iceland hosted
Cod Wars passage of Soviet submarines while the Royal Navy was threatened by further serious defence and naval cuts by the Royal Navy's chief "bête noire", the Chancellor of Exchequer and former Minister of Defence, Denis Healey. The Royal Navy saw its strategic aim at the time to be as much as fighting Healey as the Soviet Navy. The Second and Third Cod Wars were necessary wars for the Royal Navy, like the Falklands Operation, six years later. To Crosland, also MP for the trawler port of Grimsby, the third war was a more serious threat to the Western Alliance than the