You’re exactly right ... the “wink, wink” won’t last forever. It’s already been TWENTY YEARS and the Western nations are getting quite tired as it is, now.
At some point it’s going to be settled, as an issue, and Israel knows that too. They also know that if they “get ahead of it” that Israel will get more favorable terms.
There will never be more favorable terms for the Jews. The only acceptable terms for the Palestinians and their terrorist backers is all the Jews dead.