First of all let me say this, it is only IMO and Almannavarnadeild ríkislögreglustjóra that has the authority to officially declare an eruption in Iceland and issue warnings. Untill they have officially released a warning for an eruption there has been no confirmation.
That being said, below follows what I think is happening currently at Bárðarbunga.
There has so far just been two warnings issued and that is for a potential Jökulhlaup and about a magmatic intrusion. If a medium to large eruption takes place a large Jökulhlaup could burst out and inundate land around the rivers and could be a potential danger to the locals. Here are the warnings issued by Almannavarnadeild ríkislögreglustjóra:
“The National Commissioner of Police and the District Commissioner of Police at Hvolsvöllur and Húsavík have declared a Civil Protection Uncertainty…
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