
UPDATE: The volcano in Iceland erupted for the third time at around 6:00 a.m. local time on Thursday (Feb. 8).
The risk of a volcanic eruption on Iceland's Reykjanes Peninsula is once again growing as magma continues to pool in the area 2.5 miles (4 kilometers) north of the fishing town of Grindavík, according to the Icelandic Met Office (IMO).