The Israeli Security Cabinet said on Tuesday that it has unanimously rejected the deal on the Iranian nuclear program.

TEL AVIV — The Israeli Security Cabinet said on Tuesday that it has unanimously rejected the deal on the Iranian nuclear program agreed between the P5+1 group of international negotiators and Tehran earlier in the day, and does not consider itself bound by its terms.

"The Security Cabinet today unanimously rejected the nuclear deal with Iran and holds that Israel is not bound by its terms," the Security Cabinet said in a statement following a meeting of the heads of key ministries.

The Security Cabinet is a narrow forum within the Israeli Cabinet, headed by the prime minister of Israel, with the purpose of outlining and implementing foreign and defense policy. It coordinates diplomatic negotiations and is designed to make quick and effective decisions in times of crises.

Earlier today, Israel announced that the deal on the Iranian nuclear program, which was crowned with success on Tuesday after years of negotiations, is a historical mistake, characterizing it as the capitulation of the West. Israel warned that by lifting the sanctions and unlocking $100 billion of Iranian funds, Iran will be empowered to enhance its support of terrorism.

Earlier on Tuesday, Iran and the P5+1 group of international negotiators, namely China, France, Russia, the United Kingdom, the United States and Germany, reached a final comprehensive agreement to ensure the peaceful nature of Tehran's nuclear program in exchange for removing sanctions in place against it.