Yes. The mid-ocean ridge runs directly through Iceland creating a rift valley between the North American and Eurasian plates.
iceland is a belt of volcanoes/hotspots along the mid ocean ridge, it isn't just mostly volcanoes, it is a volcano itself
ocean rifts
The Atlantic Ocean surrounds Iceland.
Iceland, an exposed area along the mid-ocean ridge would consist largely of the extrusive igneous rock basalt.
There are two causes of earthquakes in Iceland. First, it lies on a plate boundary. Movement of the tectonic plates drives some earthquakes. Iceland is volcanically active. The movement of magma underground causes some earthquakes.
Iceland is an island entirely in the North Atlantic Ocean. The most northerly part of Iceland almost reaches the Arctic Ocean, which is separated from the Atlantic Ocean by the Arctic Circle. Atlantic Ocean
Atlantic Ocean
Arctic Ocean.
It is a place where volcanism or hot water heated by the underlying magma erupts on the ocean floor.
New oceanic crust from rift volcanism.
is convection
is convection