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A volcano in southwestern Iceland erupted Wednesday for the fifth time since December, spewing massive lava flows that threaten to cut off the town of Grindavík and prompting the evacuation of the world-famous Blue Lagoon. Dramatic video and images from the scene showed fountains of red-hot lava shooting into the air along a 3.4-kilometer (two-mile) fissure near Mount Hagafell on the Reykjanes Peninsula. Iceland’s Meteorological Office said in a statement that “the first estimate of scientists is that the start of this eruption is more vigorous than in previous eruptions in the area.” The eruption began around 1 p.m. local time on Wednesday following an earthquake at the Sundhnúks crater, Iceland’s public broadcaster RUV reported. The Met Office had earlier warned that a volcanic eruption was likely following “intense seismic activity” at the crater and a build-up of magma in its underground reservoir. Lava flows have cut off two out…