US President Donald Trump declares US will 'take over the Strait' as brutal missile exchanges shatter memorandum of understanding peace period and threaten another major Middle East war

The move comes after the U.S. and Iran exchanged fire for the third weekend in a row, raising the specter of a return to all-out war after a shaky ceasefire took effect in June.

WASHINGTON -- US President Donald Trump said Monday that the United States was reinstating a naval blockade on Iran in the Strait of Hormuz.