NORTH ATLANTIC: Peace in Our Time

At least one of the world's wars ended last week without an intervention by Henry Kissinger. After 15 months of bizarre skirmishing on the high seas, the third cod war between Britain and Iceland (TIME, June 4) was settled quietly in an exchange of notes. The war, which began in September 1972, ended after a total of 65 warp cuttings, 15 naval collisions or bumps involving British trawlers and Icelandic coast guard boats, the firing of 24 rounds of ammunition—live and blank. The peace also ended a threat by Iceland to shut down the NATO base at Keflavik. The breakthrough...

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