It is a ring of fire! From the volcanic eruption (Litli-Hrútur) in Reykjanes, Iceland, July 24th 2023.

Take a look and just think about that the magma is up to 1.200°C (2.192 F) ...
Source of original footage: Live stream from Iceland National Broadcast.
Music: Sudden Escapel by Brightarm Orchestra, 2013