Like in terms of climate change, political climate, wars, etc. 
this post was submitted on 15 Jul 2024
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Iceland may lose some surface area due to rising seas, but warmer climates will probably create more farmland on the rich volcanic soil. They can probably maintain a modest quality of life for a very long time cut off from the rest of the world like Cuba, but without the increasing number and severity of tropical storms every year
The gulf stream collapsing means that anything above the 30th parallel will be covered in meters of ice in a matter of years, iceland will be one of the first to fall to it.
this is complete bs by the way it's not nearly as simple as the Gulf Stream being the only factor keeping northern europe more temperate, it probably won't collapse in "a matter of years" so much as a matter of decades or centuries, and the cooling effect that has will likely be offset by other factors such as an ice-free Arctic no longer acting to limit heating of the northern oceans