World · 6 April 2026
Israel hits 85% of Iran's petrochemical exports in single strike
Israel struck the South Pars petrochemical complex on Monday, rendering the Jam and Damavand facilities inoperative. Defence Minister Israel Katz said they account for roughly 85% of Iran's petrochemical exports and called it 'a severe economic blow' costing Iran 'tens of billions of dollars' in lost petrochemical profits. Netanyahu had previously described the sector as Iran's 'money machine.'
Reported by CNN · How we write briefs