00:00 It's Benzinga and here's what's on the block.
00:02 A volcano has erupted on the Reykjanes Peninsula in southwest Iceland after several weeks of
00:07 increased seismic activity in the region. Around 4,000 people from the town had already been
00:11 evacuated due to the earthquake activity. Images and videos from the site show lava
00:16 bursting from a fissure in the earth. The volcanic fissure is estimated to be around
00:20 3.5 kilometers long. Lava is flowing at an estimated rate of 100 to 200 cubic meters per
00:26 second. The eruption site is located around 4 kilometers northeast of Grindavik. Authorities
00:32 are warning people to stay away from the area for safety. No disruption stair traffic are expected
00:37 like in 2010 when the eruption of the Eyjafjallajokull volcano caused major disruptions to
00:42 place in Europe. For all things money visit Benzinga.com
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