Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Headlines
    3. >Iceland grapples with rash of volcanic eruptions
    Headlines

    Iceland Grapples With Rash of Volcanic Eruptions

    Published by Global Banking & Finance Review®

    Posted on July 16, 2025

    3 min read

    Last updated: January 22, 2026

    Add as preferred source on Google
    The image shows the aftermath of an Israeli airstrike in Gaza that claimed the lives of Al Jazeera journalists, including Anas Al Sharif. This tragic event highlights the ongoing conflict and its impact on press freedom.
    Scene depicting the aftermath of an Israeli airstrike that killed Al Jazeera journalists in Gaza - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:sustainabilityinsuranceinvestmentfinancial managementeconomic growth

    Quick Summary

    Iceland's Reykjanes peninsula faces ongoing volcanic eruptions since 2021, impacting local communities and infrastructure, with activity expected to persist.

    Iceland Faces Ongoing Volcanic Eruptions on Reykjanes Peninsula

    COPENHAGEN (Reuters) -Iceland's Reykjanes peninsula has endured a series of volcanic eruptions since 2021 when geological systems dormant for around 800 years became active again.

    Experts say the region, just south of the capital Reykjavik and home to 30,000 people, could experience so-called fissure eruptions repeatedly for several centuries.

    Here is a timeline of recent eruptions:

    March 19, 2021

    Lava fountains erupted from a fissure of length 500 metres to 750 meters (547 yards to 820 yards) in the Fagradalsfjall system, where six months of continuing volcanic activity drew thousands of tourists.

    More than 40,000 earthquakes on the peninsula in the prior month were a huge jump from an annual figure of 1,000 to 3,000 since 2014.

    Aug. 3, 2022

    The three-week eruption in the Fagradalsfjall system followed days of earthquake activity, with tourists and residents warned to stay away because of poisonous gases, while a "code red" order halted airplane flights.

    July 10, 2023

    Lava emitted in the small eruption of the Litli Hrutur volcanic system, some 60 km (37 miles) from the capital, caused gas pollution, though it was far from densely populated areas.

    Dec. 18, 2023

    An eruption in the Svartsengi system near Grindavik ejected smoke and lava across a wide area after weeks of intense earthquake activity. A crack roughly 4 km (2.5 miles) long in the ground snaked towards Grindavik.

    Jan. 14, 2024

    The lava flow from the two-day eruption touched the outskirts of Grindavik, home to nearly 4,000, setting ablaze three houses.

    Feb. 8, 2024

    The eruption lasted roughly a day, with a crack 3 km (2 miles) long spewing lava 80 m (262 ft) high, damaging pipelines, and cutting hot water supplies used to warm homes in freezing winter. The Blue Lagoon spa closed after lava covered a road.

    March 16, 2024

    The 54-day eruption between the Hagafell and Store-Skogfell peaks was the peninsula's second-longest since 2021. In the same area as the previous eruption, it spewed smoke, molten rock and bright orange lava from a fissure estimated to be 3 km (2 miles) long.

    May 29, 2024

    The 24-day eruption near Hagafell, which swathed a large area in solidified lava, was the most powerful since the volcanic system became active again three years before. Lava spewed to a height of 50 m (164 feet) with a fissure at least 3.4 km (2.1 miles) long.

    Aug. 22, 2024

    The 16-day eruption at the Sundhnukar crater spewed glowing hot lava and smoke into the night sky around midnight, with a fissure length of about 3.9 km (2.4 miles), forcing evacuations nearby, though the lava did not head for Grindavik.

    Nov. 20, 2024

    The midnight eruption at very short notice emerged from a fissure about 3 km (2 miles) in length, but Iceland's meteorological office estimated it to be much smaller than the previous one.

    April 1, 2025

    The eruption south of the capital was the shortest in the recent series, lasting just over six hours. It broke through protective barriers close to the fishing town of Grindavik, triggering evacuation of residents and visitors at the Blue Lagoon luxury spa.

    July 16, 2025

    Magma forcing its way through the earth's crust opened a fissure, leading to an eruption the authorities called "relatively small", that did not immediately pose a threat to flights or infrastructure.

    (Reporting by Isabelle Yr Carlsson and Stine Jacobsen; Editing by Clarence Fernandez)

    Key Takeaways

    • •Iceland's Reykjanes peninsula has experienced frequent eruptions since 2021.
    • •The Fagradalsfjall system has been particularly active.
    • •Recent eruptions have caused evacuations and infrastructure damage.
    • •The volcanic activity is expected to continue for centuries.
    • •Tourism and local communities are significantly affected.

    Frequently Asked Questions about Iceland grapples with rash of volcanic eruptions

    1What geological activity has been occurring in Iceland since 2021?

    Iceland's Reykjanes peninsula has experienced a series of volcanic eruptions since 2021, as geological systems dormant for around 800 years became active again.

    2
    What are fissure eruptions and how long might they continue in Iceland?

    Fissure eruptions are volcanic eruptions that occur along a crack in the Earth's surface. Experts suggest that the Reykjanes peninsula could experience these eruptions repeatedly for several centuries.

    3What impact did the volcanic activity have on local residents?

    The volcanic eruptions have led to evacuations and warnings for residents and tourists due to poisonous gases and lava flows, particularly during significant eruptions.

    4What was notable about the eruption on May 29, 2024?

    The eruption on May 29, 2024, near Hagafell was the most powerful since the volcanic system became active again, with lava spewing to a height of 50 meters.

    5How many earthquakes were recorded on the Reykjanes peninsula prior to the eruptions?

    In the month leading up to the eruptions, more than 40,000 earthquakes were recorded on the Reykjanes peninsula, a significant increase from the annual figure of 1,000 to 3,000 since 2014.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Factbox-What's at stake in Hungary's parliamentary election?
    Factbox-What's at Stake in Hungary's Parliamentary Election?
    Image for Hezbollah chief rejects talks with Israel under fire, vows fighters will continue 'without limits'
    Hezbollah Chief Rejects Talks With Israel Under Fire, Vows Fighters Will Continue 'without Limits'
    Image for Hundreds evacuated after fire hits luxury Paris hotel
    Hundreds Evacuated After Fire Hits Luxury Paris Hotel
    Image for Pope Leo names Australian bishop to lead Vatican's legal office
    Pope Leo Names Australian Bishop to Lead Vatican's Legal Office
    Image for Russia says it supplies fuel to Cuba as humanitarian aid
    Russia Says It Supplies Fuel to Cuba as Humanitarian Aid
    Image for Iranian strikes pose ‘existential threat’, Gulf states tell UN
    Iranian Strikes Pose ‘existential Threat’, Gulf States Tell UN
    Image for Russia says it remains in contact with US on Ukraine settlement
    Russia Says It Remains in Contact With US on Ukraine Settlement
    Image for Putin allies Lukashenko and Kim meet in North Korea
    Putin Allies Lukashenko and Kim Meet in North Korea
    Image for Denmark's Frederiksen faces tough coalition talks to remain prime minister
    Denmark's Frederiksen Faces Tough Coalition Talks to Remain Prime Minister
    Image for UK police arrest two men over arson attack on Jewish community ambulances
    UK Police Arrest Two Men Over Arson Attack on Jewish Community Ambulances
    Image for Cricket-Bairstow joins Livingstone in criticising level of care in England set-up
    Cricket-Bairstow Joins Livingstone in Criticising Level of Care in England Set-Up
    Image for Mullally to be installed as first female Archbishop of Canterbury
    Mullally to Be Installed as First Female Archbishop of Canterbury
    View All Headlines Posts
    Previous Headlines PostStellantis Discontinues Hydrogen Fuel Cell Programme and Van Production
    Next Headlines PostECB's Nagel Calls for 'steady Hand' Amid Tariff Turmoil