Experts say Tehran may flight-test an ICBM that could reach American shores in just three years or less, with enough enriched uranium for a warhead even sooner.
Acquiring nuclear weapons requires three elements: fissile material (such as highly enriched uranium, HEU, or plutonium), a delivery system and a warhead.
That, Mr Netanyahu said, represented the point when Iran would have sufficient 20%-enriched uranium to produce enough of the weapons-grade variety needed for a nuclear warhead.
The United States and other Western nations have demanded that Iran stopped its uranium-enrichment program, which they perceive as a precursor to production of nuclear warhead-grade material.