The facility is no longer functioning, Katz stated, indicating that IDF strikes on two of Iran's petrochemical facilities responsible for 85% of exports had "taken them out of use."

The IDF struck the South Pars petrochemical facility near Asaluyeh in southern Iran, the largest such facility in Iran, Defense Minister Israel Katz confirmed on Monday afternoon.

The facility is no longer functioning, he stated, indicating that IDF strikes on two of Iran's petrochemical facilities, which are responsible for 85% of Iran's petrochemical exports, had "taken them out of use."

"Prime Minister Benjamin Netanyahu and I have instructed the IDF to continue attacking...the infrastructure of the Iranian terrorist regime," he said.

The petrochemical industry is a major source of finances for the IRGC and for Iran's military industry in general, Katz added.

IDF strikes petrochemical complex in Iran, key for regime's weapon manufacture

The IDF struck the petrochemical complex in Mahshahr, Iran, on Saturday, which is one of the key sites for the production of chemical materials used for weapons.

The Israeli Air Force targeted one of the two central facilities used to produce materials for explosives, ballistic missiles, and additional weaponry.

"The site is one of the primary locations where a critical component for ballistic missiles is produced," the military said.

The military also said that it expects to disrupt the Iranian regime's "ability to use the materials produced at the facility for manufacturing various types of weapons."

Ariella Roitman contributed to this report.