JERUSALEM, July 14 -- Israeli Prime Minister Benjamin Netanyahu slammed on Tuesday the nuclear deal reached between the world powers and Iran, calling it a "historic mistake."

"The deal is a bad mistake of historic proportions," Netanyahu said at the beginning of his meeting with visiting Dutch Foreign Minister Bert Koenders in Jerusalem on Tuesday morning, just after news of the agreement broke out.

"When you are willing to have an agreement at any price, this is the result ... In all fields in which they (P5+1) were supposed to prevent Iran from arming itself with nuclear weapons, far-reaching concessions were made," Netanyahu said.

The Israeli prime minister has voiced his objection to the outline of the nuclear talks presented in Lausanne, Switzerland, in April between Iran and the P5+1 countries, China, France, the United States, Britain, Russia plus Germany, and Iran.

He said that Iran will also receive hundreds of billions of dollars as a result of the removal of the economic sanctions, which, he claimed, could "fuel its terror machine" and the Islamic country's aggression across the Middle East.

Hitting back on some of his critics in Israel who slammed him for not preventing the agreement, Netanyahu said that he "couldn't prevent an agreement, as those negotiating were willing to make more and more concessions."

"We did make an obligation to prevent Iran from arming itself with nuclear weapons and we will stick with this commitment," he added, possibly alluding to a preemptive Israeli airstrike on Iranian nuclear facilities which he had hinted at in the past.

The P5+1 countries and Iran started negotiating on the latter's nuclear program in mid-2013 and reached an interim agreement, which Netanyahu also referred to as a historic mistake, on November2013.

In April, the parties introduced the outline of a final agreement and announced the final deal will be signed by June 30. After two extensions, news broke out on Tuesday morning that a deal has been reached.

According to reports, after long negotiations in Vienna, both sides agreed that the international community would remove the economic sanctions on Iran at the start of 2016; if Iran break the agreement, the sanctions would be reinstated within 65 days. Furthermore, the arms embargo on Iran will remain for five years and the Islamic state would allow supervision of all of its nuclear and military sites.