--- title: The Iran Nuclear Deal Just Passed A Major Milestone | TIME description: It's Implementation Day for the Iran nuclear deal, which means Iran has stunted its nuclear program and sanctions will start to be lifted. canonical: https://time.com/video/oRDhHvGF/ og:title: The Iran Nuclear Deal Just Passed A Major Milestone og:description: It's Implementation Day for the Iran nuclear deal, which means Iran has stunted its nuclear program and sanctions will start to be lifted. og:url: https://time.com/video/oRDhHvGF/ og:image: https://cdn.jwplayer.com/v2/media/oRDhHvGF/poster.jpg?width=720 og:type: video.other twitter:card: summary_large_image twitter:title: The Iran Nuclear Deal Just Passed A Major Milestone twitter:description: It's Implementation Day for the Iran nuclear deal, which means Iran has stunted its nuclear program and sanctions will start to be lifted. twitter:image: https://cdn.jwplayer.com/v2/media/oRDhHvGF/poster.jpg?width=720 --- # The Iran Nuclear Deal Just Passed A Major Milestone > Sponsored content. 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They are at time.com/newsletters and are separate from a paid subscription. ## Video: The Iran Nuclear Deal Just Passed A Major Milestone [Watch (HLS stream): The Iran Nuclear Deal Just Passed A Major Milestone](https://cdn.jwplayer.com/manifests/oRDhHvGF.m3u8) (0:54)  _Published 2016-01-16. It's Implementation Day for the Iran nuclear deal, which means Iran has stunted its nuclear program and sanctions will start to be lifted._ --- Jul 27, 2023 7:27 PM UTC --- ## More From This Series [All Videos](https://time.com/video/) [Iran Just Threatened to Restart Its Nuclear Program if the U.S. Continues With Sanctions](/video/qXeY9Yg2/) ### Iran Just Threatened to Restart Its Nuclear Program if the U.S. Continues With Sanctions [Democratic Debate: Clinton Speaks On The Iran Nuclear Deal](/video/qVvtSoWe/) ### Democratic Debate: Clinton Speaks On The Iran Nuclear Deal [What You Should Know About the Iran Nuclear Deal](/video/QjQJizp7/) ### What You Should Know About the Iran Nuclear Deal --- ## Transcript It's implementation day for the Iran nuclear deal. It means Iran will have verifiably cut down its nuclear program, enough that it can get some sanctions relief in return. US secretary of state, John Kerry, and Iranian foreign minister Javad Zarif, met in Vienna to finalize the deal. Details. Sanctions have punched a pretty big hole in Iran's economy. By lifting them, Iran's shipping, financial, and precious metals, and perhaps most importantly, energy sectors will all be open. That means Iranian oil will add to an already massive oil blow. Lifting financial sanctions will also unfreeze tens of billions of dollars worth of frozen Iranian assets. Something opponents of the deal have been critical of. Not all of the sanctions have been lifted though. 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