Iran flaunted its tightened grip over the Strait of Hormuz on Thursday with video of its commandos storming a huge cargo ship, after the collapse of peace talks.

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Analysts say the IRGC seized two vessels in the Strait of Hormuz in a tit-for-tat move after a U.S. naval blockade and seizure of an Iranian ship.

The U.S. military has seized another tanker associated with the smuggling of Iranian oil. The move on Thursday ratcheted up a standoff with Iran a day after its paramilitary Revolutionary Guards took control of two vessels in the crucial Strait of Hormuz.

Following a second round of peace talks at the White House, the ceasefire between Israel and Lebanon has been extended by three weeks. Meantime, peace talks between Iran and the U.S. remain stalled, and the Strait of Hormuz remains closed.

White House says Tehran in ‘very weak position’; Iran says two seized ships transferred to its coast; US navy secretary leaves office ‘effective immediately’, says Pentagon

US President Donald Trump signalled that the United States could resume military action against Iran if negotiations fail, while insisting he is in "no rush" to conclude a deal after weeks of conflict.