Israel Strikes Iran's South Pars Petrochemical Complex, Key IRGC Funding Source
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Israel Strikes Iran's South Pars Petrochemical Complex, Key IRGC Funding Source

06 April, 2026.Iran.7 sources

Key Takeaways

  • Israel strikes South Pars petrochemical complex in Asaluyeh, Iran's largest petrochemical facility.
  • A major source of Iran's energy revenue and military financing.
  • Iran rejected the ceasefire proposal, demanding a permanent end to the war.

Escalation in Energy Sector

Israel struck the South Pars petrochemical complex in Asaluyeh, the largest gas reserve in the world shared with Qatar.

What you need to know - Iran has rejected a ceasefire, calling instead for a permanent end to the war - Iran and the US had received a proposal for a 45-day ceasefire and the reopening of the Strait of Hormuz - Israel has struck a key petrochemical plant at Iran's South Pars natural gas field - Iranian officials say the situation is 'under control' - Separately, IRGC intelligence chief Majid Khademi has been killed in an Israeli airstrike Here are the main developments in the US-Israel war with Iran on Monday, April 6: Trump reiterates ultimatum, threatens journalist over leak US President Donald Trump has reiterated his Tuesday deadline for Iran to reopen the Strait of Hormuz or make a deal — despite having repeatedly pushed back similar ultimatums in the past

DWDW

Defense Minister Katz confirmed the strike on Iran's largest petrochemical facility, responsible for about 50 percent of the country's production.

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DWDW

The two targeted facilities account for roughly 85 percent of Iran's petrochemical exports and are no longer operational.

The petrochemical sector is a major source of funding for the IRGC.

The strike came less than two hours before Trump’s deadline.

Israel Frames Strikes as Economic Warfare

Netanyahu declared Israel was systematically eliminating the IRGC's money machine.

The petrochemical industry services the South Pars gas field, critical to electricity production.

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Kurdistan24Kurdistan24

Israeli strikes on energy infrastructure have been increasing in intensity and frequency.

Iran's National Petrochemical Company said the situation was under control and no injuries were reported.

The strikes come amid conflicting international mediation efforts.

Iran Rejects 45-Day Ceasefire

Iran demanded a permanent end to hostilities.

Trump's deadline expired at 11 p.m. Washington time.

Israel and the United States continued striking.

International Diplomatic Efforts

Egyptian, Pakistani, and Turkish mediators presented a 45-day ceasefire proposal.

The mediators demanded the Strait of Hormuz be reopened within the ceasefire window.

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Spectrum NewsSpectrum News

The disconnect between diplomatic momentum and military escalation was evident.

The conflict had now spanned nearly six weeks.

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