The Surface of Planet Earth
As seen from this image (from NASA) Iceland is situated on top of the Mid-Atlantic Ridge, which is called Reykjanes-hryggur near Iceland.  

The mid-Atlantic ridge is a spreading center, that is new seafloor is created as the plates are pushed to the side.

 

 Comments, suggestions, corrections:  E-mail Throstur.  Text © Þ. Þ.