Israel hits Iran’s largest petrochemical plant

Smoke rises from the site of an Israeli airstrike that targeted a building in the southern Lebanese village of Abbasiyyeh on March 13, 2026. UN Secretary General Antonio Guterres called on Israel and Hezbollah to "stop the war" at the start of a visit to Beirut, saying it was "no longer the time of armed groups". The UN will launch an urgent humanitarian fundraiser on March 13, to assist the more than 800,000 people registered as displaced in Lebanon. (Photo by KAWNAT HAJU / AFP) /

Israel Katz said Israel has carried out what he described as one of its most damaging attacks yet on Iran’s economy, announcing that the Israeli military struck the country’s largest petrochemical facility.

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According to Katz, the target was a major complex in Asaluyeh in southern Iran, which he said is responsible for nearly half of the country’s petrochemical production.

In a statement reported by Israel War Room, Katz declared that the attack had inflicted losses worth “tens of billions of dollars” on the Iranian government.

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The strike marks a significant escalation in Israel’s campaign against Iran’s strategic infrastructure. Israeli officials said the facility was part of the wider South Pars energy zone, one of the most important industrial and export centers in Iran.

Katz stated that the latest attack followed an earlier strike on another large petrochemical site in Mahshahr. He claimed that together, the two operations have now put out of service facilities responsible for around 85 percent of Iran’s petrochemical exports.

Iranian media confirmed that explosions struck utility and support companies linked to the Asaluyeh complex, causing major power disruptions across the area. Reports said the Mobin and Damavand companies, which supply electricity, water and industrial gases to the petrochemical facilities, were among the targets.

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