Speaking at the beginning of the weekly cabinet meeting, Netanyahu said that "Without our efforts leading the sanctions against the Iranian nuclear program Iran would have had nuclear weapons long ago."
The prime minister added that Israeli policy remains as it was – to block Iran's path to a nuclear weapon. Netanyahu also said that due to the implementation of the deal and the removing of sanctions Iran will now have more resources to direct to its international terrorist activity.
Earlier on Sunday, Iran's President Hassan Rohani spoke at the Iranian parliament saying that the official implementation of the deal reached between Tehran and six world powers has satisfied all parties except radical extremist and Israelis.
For Iran, long out in the economic cold over its contested atomic program, implementing the nuclear deal will be a welcome thaw.
More than $30 billion in assets overseas will become immediately available to the Islamic Republic. Official Iranian reports have set the total amount of frozen Iranian assets overseas at $100 billion.
A European oil embargo on Iran will end. Already, some 38 million barrels of oil are in Iran's floating reserves, ready to enter the market, according to the International Energy Agency.
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