Live video footage on Tuesday morning no longer showed signs of molten rock erupting from the ground, even as experts warned that new fissures could emerge at short notice.
Grindavik resident Hrannar Jon Emilsson watched his almost-finished house burn down on live TV after the volcano erupted on Sunday.
"You sit and watch the news showing everything go up in smoke," Emilsson told Icelandic independent broadcaster Channel 2.
It was the second eruption on the peninsula of Reykjanes in four weeks, and the fifth since 2021.
The Icelandic Civil Defence, the IMO and other experts are due to meet later on Tuesday to discuss the situation.
Persons:
Hrannar Jon Emilsson, Emilsson, Gerhard Mey, Louise Breusch Rasmussen, Tom Little, Terje Solsvik, Bernadette Baum
Organizations:
Channel, Icelandic Meteorological, Icelandic Civil Defence
Locations:
REYKJAVIK, Iceland, Grindavik, Reykjanes, Reykjavik, Copenhagen