Prime Minister Binyamin Netanyahu on Tuesday said that the world has "no moral right" to put a "red light" in front of Israel if it refuses to set a "red line" for Iran.

Speaking ahead of a government to government meeting with the Bulgarian Prime Minister Boyko Metodiev Borisov in Jerusalem, Netanyahu said, "Those in the international community who refuse to put red lines in front of Iran, don't have a moral right to put a red light in front of Israel. They must understand that there is a red line so they stop."

"So far we can say with certainty that diplomacy and sanctions have not worked," Netanyahu continued. "The sanctions have hurt the Iranian economy, but have not stopped the Iranian nuclear program. That is a fact."

The comments come in response to US Secretary of State Hillary Clinton's comments that the United States will not set a deadline for Iran, and that negotiations remain "by far" the best option for stopping its nuclear program.

Netanyahu reiterated his position that diplomacy has not yielded concrete results.

"The fact is that every day that passes, Iran gets closer and closer to nuclear bombs," he said. "If Iran knows that there are no red lines, if Iran knows that there are no deadlines, what will it do? Exactly what it is doing. It is continuing without interference toward nuclear capability and nuclear bombs."

"The world tells Israel 'Wait, there is still time.' And I say 'Wait for what? Wait until when?'" the prime minister said.

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