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So far Iran and its proxies have not responded with an expected attack on Israel due to fear of a massive response on their strategic military installations.
Israel may consider attacking Iranian oil and gas terminals, which could lead to multiple conflicts.
The US is also boosting sea and air and ground defenses in the region to act as a deterrent against a larger regional conflict in the Middle East. Potential flash points include Lebanon, Syria, Iraq, Yemen, Iran, and even Russian may become involved if the situation continues to escalate.
This would be damaging for the country in many ways including economically, and potentially even lead to a direct military confrontation.
Isaiah 11:15 says that when the Euphrates river drys up, the Iranian military will be able to cross west past the Euphrates and have a military advantage. The last time this happened was during the Battle of Opis in 539 BC when Persian won a war against Babylon.
Israel bombed Yemen in response to a recent drone attack on Tel Aviv. With this action, Israel is signaling that it can attack at the same distance as Iranian nuclear facilities.