Israeli Prime Minister Benjamin Netanyahu announced on Friday, April 3, 2026, that Israeli airstrikes have effectively destroyed around 70% of Iran's steel production capacity. This damage is expected to severely limit Iran's ability to create weapons. In a video statement, Netanyahu stated, "Alongside our American allies, we are continuing to dismantle the terror regime in Iran. We are targeting and eliminating commanders, destroying bridges, and hitting key infrastructures." He emphasized that this is a significant victory that cuts off financial resources and weapon production capabilities for the Revolutionary Guards. On the same day, Iran launched missiles towards Israel and several Gulf nations, igniting a refinery in Kuwait. Explosions were reported in Tehran and Isfahan, another central city in Iran, as the United States prepared to bolster its military presence in West Asia. The ongoing conflict has seen Iran and its allies exchanging fire with Israel and the U.S., with Washington-aligned targets and energy infrastructure under attack. The war, now a month old as of April 3, 2026, shows no signs of de-escalation. The focus of strikes has increasingly shifted to economic and industrial areas, raising concerns about disruptions to global energy supplies and the broader implications of the conflict beyond the battlefield.
Business
Netanyahu claims 70% of Iran s steel production capacity destroyed