Since 26-July-2017 there has been a earthquake swarm on Reykjanes peninsula close to a mountain called Fagradalsfjall. This earthquake swarm has been one of the larger ones in the area in recent years. Total number of earthquakes that have been detected so far is well over 600 at the writing of this article. There is some magma involved in this earthquake swarm, it has stayed deep in the crust and there are currently no signs of it moving upwards more then it already has at this point. This makes an eruption extremely unlikely, unlike what some news reports about this earthquake swarm might suggest an eruption is not imminent in this area of Iceland.
Largest earthquake during the last 24 hours is a magnitude 3,2 earthquake that took place at 05:56 UTC. In 1968 a magnitude 6,0 earthquake took place in this same area. I don’t know if that is going to happen now, what is a risk is this earthquake swarm increasing again from current drop in activity. This area is in part a rift valley and plate interaction can get complicated and last for a long time. With quiet period between high periods of activity. At this moment the earthquake activity in this area is decreasing, that does not mean it is over yet, just that a decreasing in activity is currently happening.
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