"As long as missile fire continues to target Israeli civilians, Iran will pay a heavy price that will degrade and ultimately cripple its national infrastructure and the operational capacity of the regime," Katz said in a video statement.

"At the same time, we will continue to pursue and neutralise the leadership of terror, and strike security targets and strategic assets throughout Iran."

In recent days, Israel, alongside the United States, has struck Iranian steel and petrochemical facilities, alleging that revenues from these sectors are used by the country's Revolutionary Guards to finance weapons production.