 The 1970s were marked by the Cod Wars—several disputes with the United Kingdom over Iceland's extension of its fishing limits to offshore.Iceland hosted a summit in Reykjavík in 1986 between United States President Ronald Reagan and Soviet Premier Mikhail Gorbachev, during which they took significant steps toward nuclear disarmament.A few years later, Iceland became the first country to recognise the independence of Estonia, Latvia, and Lithuania as they broke away from the USSR.