According to a news on Rúv News there has been detection of magma at considerable depth on Reykjanes peninsula. This magma is actively trying to reach the surface, but has not been successful for now. This has resulted in a lot of dyke intrusions on the Reykjanes peninsula in recent months. Earthquake activity seems to follow each inflation period on the Reykjanes peninsula according to the news.
The magma in the deep crust and in the mantle is going to increase in volume until it can break up the surface. How long that is going to take is something I don’t know. Next eruption cycle is going to start with a large earthquake, just like the last one. Based on all current data that I have.
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