The IDF on Tuesday released video footage of Hizbullah terrorists smuggling missiles and other weaponry out of a warehouse where an explosion occurred Monday in the southern Lebanese town of Tayir Filsay.

Lebanese Army soldiers and troops from the United Nations Interim Force in Lebanon (UNIFIL) traveled to the scene, but terrorists had emptied the warehouse by the time they arrived - a secret activity caught on camera by IDF military intelligence.

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Israeli President Shimon Peres observed Tuesday that the terrorist organization has turned Lebanon, formerly known as the "Switzerland of the Middle East," into a "powder keg." Speaking at the annual Galilee Forum held Tuesday at Kfar Blum in the north of the country, Peres said Hizbullah is as dangerous to Lebanon as Hamas is to the Palestinian Authority. Hizbullah holds a significant minority faction in the Lebanese government, including several pivotal posts in the cabinet.

Numerous media reports have claimed that at least five Hizbullah terrorists were killed in Monday's explosion at the three-story facility located at the home of terrorist Abdel Nasser Issa, near the coastal city of Tyre.

IDF military intelligence has estimated that the group currently possesses some 50,000 missiles, smuggled into the country through the Syrian border - more than twice the number it had before the start of the 2006 Second Lebanon War.

A spokesman for the Israeli government pointed out that the incident offers further proof that Hizbullah continues to violate the terms of the U.N. ceasefire resolution that ended the five-week war. The UNIFIL commander at the time said when the agreement was inked that there would be no way to enforce the resolution, which called for Hizbullah and all other "foreign armies" to disarm.