Israel launched airstrikes on June 8 against the Mahshahr petrochemical complex in Iran’s Khuzestan province, targeting infrastructure the IDF says is tied to the production of chemical materials used in explosives and ballistic missiles. It was the first strike on Iranian energy infrastructure since a ceasefire was announced on April 8.
Iran’s Islamic Revolutionary Guard Corps confirmed retaliatory missile strikes on Israeli facilities following the June 8 airstrikes.
Bitcoin dropped to around $62,900, reflecting risk-off market sentiment amid the escalating conflict.
Why Mahshahr matters
The Mahshahr petrochemical complex supports more than 50 production units and accounts for roughly 85% of the country’s petrochemical exports.
