After a series of earthquakes roiled the local area (this indicates to meteorologists that an explosion could be on the way), local authorities made the call to evacuate the nearby fishing town of Grindávik and close down the Blue Lagoon, Silica Hotel, Retreat Spa, Retreat Hotel, Lava and Moss Restaurant to tourists until Thursday, Nov. 16. 

'There was a panic situation,' taxi driver describes

"There was a panic situation," local taxi driver Bjarni Stefansson told The Associated Press. "People thought a volcanic eruption was about to happen."

Iceland's Meteorological Office said that it was "closely monitoring the situation and analyzing the developments" to see whether it would be necessary to extend the Nov. 16 closure or be possible to bring back the residents and reopen the tourist attractions.