It was the latest attack on the emerging deal under which Iran would curtail its nuclear activities in exchange for relief from punishing economic sanctions.
Following marathon talks in the Swiss city of Lausanne, the negotiators agreed on a framework deal on April 2, which Israel has repeatedly denounced as an "historic mistake".
"To my regret, all of the things I warned about vis-a-vis the framework agreement that was put together in Lausanne are coming true before our eyes," Netanyahu said.
"How can such a country be trusted?"
The emerging deal, which is to be finalised by June 30, would leave Iran with "significant nuclear capabilities," he said.
"It is not dismantling them, it is preserving them. We also see that the inspection is not serious... As of now, there is no monitoring," he said.
"We see that the sanctions are being lifted, immediately, according to Iran's demand, and this is without Iran having changed its policy of aggression everywhere."
Israel and many Western governments suspect Iran's civilian nuclear programme is a front for efforts to build a military capability -- a charge which Tehran denies.
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