1 September 1958: The first Cod War begins

On this day in 1958, Iceland extended its exclusive fishing zone to 12 miles, sparking the first “Cod War” with Britain.

In recent years, stand-offs between competing fishing fleets in the South China Sea have become a common occurrence. But in the 1950s and 1970s, British and Icelandic vessels routinely faced each other in the waters around Iceland in what came to be known as the Cod Wars.

The origins of the dispute stretch back into the 19th century, when advances in steam power extended the reach of fishing fleets. In 1944, Iceland gained independence from Denmark, and soon after pushed back its exclusive economic zone from three miles off its coast to four.

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Chris Carter
Wealth Editor, MoneyWeek

Chris Carter spent three glorious years reading English literature on the beautiful Welsh coast at Aberystwyth University. Graduating in 2005, he left for the University of York to specialise in Renaissance literature for his MA, before returning to his native Twickenham, in southwest London. He joined a Richmond-based recruitment company, where he worked with several clients, including the Queen’s bank, Coutts, as well as the super luxury, Dorchester-owned Coworth Park country house hotel, near Ascot in Berkshire.

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