"The IDF has carried out a powerful strike on Iran's largest petrochemical plant. This key facility accounts for about 50% of Iran's total petrochemical production. This followed last week's attack on Iran's second-largest plant," said Katz. He added that as a result, both plants, which together make up 85% of Iran's petrochemical production, are now out of operation. "This represents a multi-billion dollar economic blow to the Iranian regime. Netanyahu and I have instructed the IDF to continue high-intensity strikes on the national infrastructure of the Iranian regime," said Katz, confirming the attack on the South Pars complex. Iranian media had previously reported that the plant was attacked. Recall that U.S. President Donald Trump gave Iran a deadline to reopen the Strait of Hormuz, a key maritime route through which one-fifth of the world's oil passes. He threatened that if this did not happen, the U.S. would attack Iranian power plants and infrastructure, warning that it would "send the country back to the Stone Age." Meanwhile, oil prices have surged sharply, with Brent reaching $109 per barrel, representing an increase of about 50% since the start of the conflict.