The propaganda at the moment is israel is winning, iran isnt using missiles because of "air superiority", and the US is able and willing to detroy the nuclear capacity via the air. All of these claims are false. Iran's capacity to strike back remains vast using only its own resources.
What the US has been dragged into by israel is an amazing opportunity for a US peer competitor (china) to grind down its arms -- it would be remarkable if China doesn't take it. It can hardly afford the US to be a well-armed protector of Taiwan.
The iranian regieme's apparent hesitation at the moment is not as extreme as russia's on the first days of the ukraine war, and look at where we are now. This apparent hesitation is waiting for israel to deplete its missile defense, waiting for a more stable intelligence environment (presumably moving assets, etc. around out of uncovered israeli operations), and most of all, waiting for a moment to strike off-guard.