With the city and surrounding areas shaking (1600x earthquakes in the last 24 hours) it seems Iceland's newest volcano is about to erupt.

That would make it the third time it does so, with each instance spaced with about roughly a year between.

src: https://en.vedur.is/earthquakes-and-volcanism/earthquakes

Whole Country

Iceland Meteorological office - Earthquakes Iceland

Icelandic Meteorological office

We are so close to it kicking off now...

Magma is reportedly less than 1km underneath the surface, and slowly breaking its way up.

The magma chamber has also been reported to have an inflow rate of twice the amount it has had each other time. And so the start of the eruption is expected to be more powerful than at previous times.

Beint streymi frá Fagradalsfjalli - RÚV.is

Hér er hægt að fylgjast með svæðinu milli Fagradalsfjalls og Keilis á Reykjanesskaga í beinu streymi frá vefmyndavélum RÚV. Mikil skjálftavirkni hefur verið þar síðan á þriðjudag.

RÚV

Ok, so it would seem this time the eruption is much larger (at T+X into the eruption) than the two previous times.

Massive gas polution, and all routes in are being closed and surrounding area evacuated.

This video shows the scope
https://ruv-vod-clips.akamaized.net/e670dd48-9296-405f-85ac-56c5fedfa8ad.mp4

@hth yikes, not far from the Blue Lagoon
@freyfogle oh yes, Fagradalsfjall is right in the backyard of the Blue Lagoon and the town of Grindavík.
@hth That is, without a doubt or the slightest exaggeration, my favorite lagoon worldwide. Hope everyone stays safe.
@hth is there tremor as well? Have to look that up...
@hth http://hraun.vedur.is/ja/oroi/allarsort.html shows:
That seems like some magma on the way indeed
@berndandeweg The land around the volcano has been rising since April, so it was known that magma was pooling. But yeah, it seems likely it will burst out soon.
@hth @vicgrinberg Is this “Iceland as usual” or would there be travel concerns? Asking for a relative travelling there in a couple of weeks…

@MichaelPorter @vicgrinberg

Earthquakes are very common, and on a geological scale so are eruptions. So in that sense this is 'Iceland as usual'.

However the frequency of this particular volcano (having erupted twice in two years, and likely to erupt again now) is unusual.

But this would be a very small and 'cute' eruption that does not pose any risk to travelers nor air traffic in the country. Nothing like the '10 eruption of Eyjafjallajökull.