If they think the threat is real, they will act. Not sure it will be an airstrike though.
The US has the only bomber capable of launching that huge bunker buster, and according to a few reports they don't think it is big enough.
I'm not so sure the threat is real enough that Israel has to strike. If anything something like Stuxnet will bring down the Iran nuclear program, and we won't ever know it happened because Iran will deny it. We already don't know how much damage it did.
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