It’s also got deterrence via the fact that its main antagonist doesn’t actually want to fight a war.
Yakov Feygin
To use the current fashionable if deeply flawed game of cards metaphor, the Strait of Hormuz is the Iranian regime's final decisive card.
If it diminishes in value there is nothing left for the IRGC to play.
Alexander Clarkson
I think its fair to say deterrence has been moved from the Levant to the Gulf. The IRGC's entire architecture built on deterring Israel has been fatally destroyed since the Israeli war on Hezbollah and Assad's fall in Syria.
GCC not Israel bare the danger of the IRGC now
Mihnea
This is not what you would exactly call effective Iranian deterrence