Questions & Answers about Ég ætti að sofa núna.
In this sentence, ætti gives the idea of should or ought to.
So ég ætti að sofa means something like I should sleep or I ought to sleep.
It is not a simple present-tense form. It is a special form used very often in Icelandic to express:
- advice
- mild obligation
- what would be the sensible thing to do
Yes. Ætti is a form of eiga.
That can be surprising, because eiga often means to own or to have. But Icelandic also uses this verb in very common idiomatic patterns:
- eiga að + infinitive = to be supposed to / to have to
- ætti að + infinitive = should / ought to
So even though the basic verb has another meaning, this pattern is extremely normal and important to learn as a chunk.