Kerry: Relief on Iran sanctions 'tiny'

Secretary of State John KerryJohn KerryTrump fails to mention Clinton in inaugural address Hillary Clinton under microscope at inauguration Overnight Tech: Meet the key players for Trump on tech | Patent chief staying on | Kerry aide goes to Snapchat | Uber's M settlement MORE pushed back Thursday against criticism of the Obama administration's proposed sanctions relief for Iran, calling it "tiny."

Israeli officials have lambasted the proposal as offering Iran up to $40 billion in relief — about $100 billion of their total annual cost — and congressional opposition is building. The Israelis have also said the deal, which Iran rejected over the weekend, would only have delayed Iran's nuclear program by 24 days.

“All we're talking about is a tiny portion of that would be released,” Kerry told MSNBC, “because you have to do something.”

Israeli Strategic Affairs Minister Yuval Steinitz has said the proposal would offer Iran $20 billion in direct relief, while weakened enforcement could bring in another $20 billion. State Department spokeswoman Jen Psaki on Wednesday dismissed the estimate as “inaccurate, exaggerated and not based in reality.”

Kerry visited lawmakers with Vice President Biden on Wednesday to urge them to postpone new sanctions. Negotiations with Iran are set to resume next week in Geneva.

“The reason we passed the sanctions was to be able to negotiate,” Kerry told MSNBC.

“The sanctions are working, we're now able to negotiate, and what we're really asking the Congress to do is give us the time to be able to negotiate and present a good deal that will be able to protect Israel, protect our interests, protect the region and guarantee — I mean guarantee, failsafe — that Iran will not be able to get a nuclear weapon.”

Read more on The Hill.