If Israel and Iran decide to duke it out, we're going to get in the middle? Not good military strategy.
On a serious note, this report doesn’t say we will invade Iran. Most likely we will allow Israel to attack, we will give secret assistance while pretending to counsel against the attack, and we will be ready because if Iran attacks our ships, closes the Straits, etc then it will be game on to remove that threat.
Maybe it will work. I’d rather see a coordinated effort to weaken or remove the Iranian regime and its military.