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 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