Netanyahu and Yachimovich
Netanyahu and YachimovichFlash 90

The deal between the West and Iran regarding the latter's nuclear program is a "bad" agreement, Prime Minister Binyamin Netanyahu's office said Sunday.

"This is a bad agreement that gives Iran what it wanted: the partial lifting of sanctions while maintaining an essential part of its nuclear program," a statement from the Prime Minister's Office said.

"The agreement allows Iran to continue to enrich uranium, leaves the centrifuges in place and allows it to produce fissile material for a nuclear weapon," it continued.

"The accord did not lead to the dismantling of the Arak plant," the heavy water reactor being built southwest of Tehran.

The statement concluded, "Economic pressure on Iran could have produced a much better agreement."

Several MKs and ministers expressed strong concern over the agreement on Sunday. Minister of Intelligence Yuval Steinitz slammed the agreement as "a terrible deal," while Minister of Economics Naftali Bennett warned that the agreement was preparing the ground for nuclear terrorism.

Deputy Defense Minister Danny Danon said Sunday, "The deal is great for Iran, and dangerous for the rest of the world. It neutralizes the sanctions, not the centrifuges."