Iceland has declared a state of emergency following a fourth volcano eruption in three months.
As lava erupted from a fresh volcanic fissure on the Reykjanes Peninsula on Saturday—the fourth eruption to strike the region since December—Icelandic police issued a state of emergency declaration. According to an Icelandic Meteorological Office (IMO) announcement, a "volcanic eruption has started between Stori-Skogfell and Hagafell on the Reykjanes Peninsula." Images captured in real-time revealed billowing smoke and blazing lava. The explosion started in the Blue Lagoon thermal spa, one of Iceland's most popular tourist destinations, and hundreds of people were evacuated, according to national television RUV.
We now focus on the news surrounding Saudi Aramco's $11.2 billion stock sale. The oil giant will probably give around 60% of the shares it sells to foreign funds. A Bloomberg story citing sources states this.
