diff --git a/bundle/manifests/servicemeshoperator3.clusterserviceversion.yaml b/bundle/manifests/servicemeshoperator3.clusterserviceversion.yaml
index 6423dc3fc..f964c4951 100644
--- a/bundle/manifests/servicemeshoperator3.clusterserviceversion.yaml
+++ b/bundle/manifests/servicemeshoperator3.clusterserviceversion.yaml
@@ -34,7 +34,7 @@ metadata:
     capabilities: Seamless Upgrades
     categories: OpenShift Optional, Integration & Delivery, Networking, Security
     containerImage: quay.io/maistra-dev/sail-operator:3.0.0-tp-latest
-    createdAt: "2024-05-14T21:06:02Z"
+    createdAt: "2024-05-15T00:06:30Z"
     description: The OpenShift Service Mesh Operator enables you to install, configure,
       and manage an instance of Red Hat OpenShift Service Mesh. OpenShift Service
       Mesh is based on the open source Istio project.
diff --git a/chart/values.yaml b/chart/values.yaml
index 15cba4926..d9eddcd3e 100644
--- a/chart/values.yaml
+++ b/chart/values.yaml
@@ -18,7 +18,7 @@ csv:
 
     - v1.21.2
     - v1.21.0
-    - latest (76d03ee7)
+    - latest (b593318e)
 
     [See this page](https://github.com/istio-ecosystem/sail-operator/blob/pre-main/bundle/README.md) for instructions on how to use it.
   support: Community based
diff --git a/resources/latest/charts/base/Chart.yaml b/resources/latest/charts/base/Chart.yaml
index 75c6cd83a..3baf48d80 100644
--- a/resources/latest/charts/base/Chart.yaml
+++ b/resources/latest/charts/base/Chart.yaml
@@ -1,5 +1,5 @@
 apiVersion: v1
-appVersion: 1.23-alpha.76d03ee78276eef8ca8068698e7e2106f31a3638
+appVersion: 1.23-alpha.b593318e2a5e776a6fef9e07f2b08d7913ea6a38
 description: Helm chart for deploying Istio cluster resources and CRDs
 icon: https://istio.io/latest/favicons/android-192x192.png
 keywords:
@@ -7,4 +7,4 @@ keywords:
 name: base
 sources:
 - https://github.com/istio/istio
-version: 1.23-alpha.76d03ee78276eef8ca8068698e7e2106f31a3638
+version: 1.23-alpha.b593318e2a5e776a6fef9e07f2b08d7913ea6a38
diff --git a/resources/latest/charts/base/files/profile-compatibility-version-1.22.yaml b/resources/latest/charts/base/files/profile-compatibility-version-1.22.yaml
new file mode 100644
index 000000000..6ca4a7fc8
--- /dev/null
+++ b/resources/latest/charts/base/files/profile-compatibility-version-1.22.yaml
@@ -0,0 +1,9 @@
+# WARNING: DO NOT EDIT, THIS FILE IS A COPY.
+# The original version of this file is located at /manifests/helm-profiles directory.
+# If you want to make a change in this file, edit the original one and run "make gen".
+
+meshConfig:
+  # 1.22 behavioral changes
+  defaultConfig:
+    proxyMetadata:
+      ENABLE_DEFERRED_CLUSTER_CREATION: "false"
\ No newline at end of file
diff --git a/resources/latest/charts/cni/Chart.yaml b/resources/latest/charts/cni/Chart.yaml
index dded740ef..fe8951c5b 100644
--- a/resources/latest/charts/cni/Chart.yaml
+++ b/resources/latest/charts/cni/Chart.yaml
@@ -1,5 +1,5 @@
 apiVersion: v1
-appVersion: 1.23-alpha.76d03ee78276eef8ca8068698e7e2106f31a3638
+appVersion: 1.23-alpha.b593318e2a5e776a6fef9e07f2b08d7913ea6a38
 description: Helm chart for istio-cni components
 icon: https://istio.io/latest/favicons/android-192x192.png
 keywords:
@@ -8,4 +8,4 @@ keywords:
 name: cni
 sources:
 - https://github.com/istio/istio
-version: 1.23-alpha.76d03ee78276eef8ca8068698e7e2106f31a3638
+version: 1.23-alpha.b593318e2a5e776a6fef9e07f2b08d7913ea6a38
diff --git a/resources/latest/charts/cni/files/profile-compatibility-version-1.22.yaml b/resources/latest/charts/cni/files/profile-compatibility-version-1.22.yaml
new file mode 100644
index 000000000..6ca4a7fc8
--- /dev/null
+++ b/resources/latest/charts/cni/files/profile-compatibility-version-1.22.yaml
@@ -0,0 +1,9 @@
+# WARNING: DO NOT EDIT, THIS FILE IS A COPY.
+# The original version of this file is located at /manifests/helm-profiles directory.
+# If you want to make a change in this file, edit the original one and run "make gen".
+
+meshConfig:
+  # 1.22 behavioral changes
+  defaultConfig:
+    proxyMetadata:
+      ENABLE_DEFERRED_CLUSTER_CREATION: "false"
\ No newline at end of file
diff --git a/resources/latest/charts/cni/values.yaml b/resources/latest/charts/cni/values.yaml
index f63630830..03e5c7bfb 100644
--- a/resources/latest/charts/cni/values.yaml
+++ b/resources/latest/charts/cni/values.yaml
@@ -112,7 +112,7 @@ defaults:
     hub: gcr.io/istio-testing
 
     # Default tag for Istio images.
-    tag: 1.23-alpha.76d03ee78276eef8ca8068698e7e2106f31a3638
+    tag: 1.23-alpha.b593318e2a5e776a6fef9e07f2b08d7913ea6a38
 
     # Variant of the image to use.
     # Currently supported are: [debug, distroless]
diff --git a/resources/latest/charts/gateway/Chart.yaml b/resources/latest/charts/gateway/Chart.yaml
index 206aeea6f..0f502a75b 100644
--- a/resources/latest/charts/gateway/Chart.yaml
+++ b/resources/latest/charts/gateway/Chart.yaml
@@ -1,5 +1,5 @@
 apiVersion: v2
-appVersion: 1.23-alpha.76d03ee78276eef8ca8068698e7e2106f31a3638
+appVersion: 1.23-alpha.b593318e2a5e776a6fef9e07f2b08d7913ea6a38
 description: Helm chart for deploying Istio gateways
 icon: https://istio.io/latest/favicons/android-192x192.png
 keywords:
@@ -9,4 +9,4 @@ name: gateway
 sources:
 - https://github.com/istio/istio
 type: application
-version: 1.23-alpha.76d03ee78276eef8ca8068698e7e2106f31a3638
+version: 1.23-alpha.b593318e2a5e776a6fef9e07f2b08d7913ea6a38
diff --git a/resources/latest/charts/gateway/files/profile-compatibility-version-1.22.yaml b/resources/latest/charts/gateway/files/profile-compatibility-version-1.22.yaml
new file mode 100644
index 000000000..6ca4a7fc8
--- /dev/null
+++ b/resources/latest/charts/gateway/files/profile-compatibility-version-1.22.yaml
@@ -0,0 +1,9 @@
+# WARNING: DO NOT EDIT, THIS FILE IS A COPY.
+# The original version of this file is located at /manifests/helm-profiles directory.
+# If you want to make a change in this file, edit the original one and run "make gen".
+
+meshConfig:
+  # 1.22 behavioral changes
+  defaultConfig:
+    proxyMetadata:
+      ENABLE_DEFERRED_CLUSTER_CREATION: "false"
\ No newline at end of file
diff --git a/resources/latest/charts/istiod/Chart.yaml b/resources/latest/charts/istiod/Chart.yaml
index 9ac5d2753..f779ad1ec 100644
--- a/resources/latest/charts/istiod/Chart.yaml
+++ b/resources/latest/charts/istiod/Chart.yaml
@@ -1,5 +1,5 @@
 apiVersion: v1
-appVersion: 1.23-alpha.76d03ee78276eef8ca8068698e7e2106f31a3638
+appVersion: 1.23-alpha.b593318e2a5e776a6fef9e07f2b08d7913ea6a38
 description: Helm chart for istio control plane
 icon: https://istio.io/latest/favicons/android-192x192.png
 keywords:
@@ -9,4 +9,4 @@ keywords:
 name: istiod
 sources:
 - https://github.com/istio/istio
-version: 1.23-alpha.76d03ee78276eef8ca8068698e7e2106f31a3638
+version: 1.23-alpha.b593318e2a5e776a6fef9e07f2b08d7913ea6a38
diff --git a/resources/latest/charts/istiod/files/profile-compatibility-version-1.22.yaml b/resources/latest/charts/istiod/files/profile-compatibility-version-1.22.yaml
new file mode 100644
index 000000000..6ca4a7fc8
--- /dev/null
+++ b/resources/latest/charts/istiod/files/profile-compatibility-version-1.22.yaml
@@ -0,0 +1,9 @@
+# WARNING: DO NOT EDIT, THIS FILE IS A COPY.
+# The original version of this file is located at /manifests/helm-profiles directory.
+# If you want to make a change in this file, edit the original one and run "make gen".
+
+meshConfig:
+  # 1.22 behavioral changes
+  defaultConfig:
+    proxyMetadata:
+      ENABLE_DEFERRED_CLUSTER_CREATION: "false"
\ No newline at end of file
diff --git a/resources/latest/charts/istiod/values.yaml b/resources/latest/charts/istiod/values.yaml
index 5cd10caab..0de25ec25 100644
--- a/resources/latest/charts/istiod/values.yaml
+++ b/resources/latest/charts/istiod/values.yaml
@@ -234,7 +234,7 @@ defaults:
     # Dev builds from prow are on gcr.io
     hub: gcr.io/istio-testing
     # Default tag for Istio images.
-    tag: 1.23-alpha.76d03ee78276eef8ca8068698e7e2106f31a3638
+    tag: 1.23-alpha.b593318e2a5e776a6fef9e07f2b08d7913ea6a38
     # Variant of the image to use.
     # Currently supported are: [debug, distroless]
     variant: ""
diff --git a/resources/latest/charts/ztunnel/Chart.yaml b/resources/latest/charts/ztunnel/Chart.yaml
index 57b00d20f..c4c4c0074 100644
--- a/resources/latest/charts/ztunnel/Chart.yaml
+++ b/resources/latest/charts/ztunnel/Chart.yaml
@@ -1,5 +1,5 @@
 apiVersion: v1
-appVersion: 1.23-alpha.76d03ee78276eef8ca8068698e7e2106f31a3638
+appVersion: 1.23-alpha.b593318e2a5e776a6fef9e07f2b08d7913ea6a38
 description: Helm chart for istio ztunnel components
 icon: https://istio.io/latest/favicons/android-192x192.png
 keywords:
@@ -8,4 +8,4 @@ keywords:
 name: ztunnel
 sources:
 - https://github.com/istio/istio
-version: 1.23-alpha.76d03ee78276eef8ca8068698e7e2106f31a3638
+version: 1.23-alpha.b593318e2a5e776a6fef9e07f2b08d7913ea6a38
diff --git a/resources/latest/charts/ztunnel/files/profile-compatibility-version-1.22.yaml b/resources/latest/charts/ztunnel/files/profile-compatibility-version-1.22.yaml
new file mode 100644
index 000000000..6ca4a7fc8
--- /dev/null
+++ b/resources/latest/charts/ztunnel/files/profile-compatibility-version-1.22.yaml
@@ -0,0 +1,9 @@
+# WARNING: DO NOT EDIT, THIS FILE IS A COPY.
+# The original version of this file is located at /manifests/helm-profiles directory.
+# If you want to make a change in this file, edit the original one and run "make gen".
+
+meshConfig:
+  # 1.22 behavioral changes
+  defaultConfig:
+    proxyMetadata:
+      ENABLE_DEFERRED_CLUSTER_CREATION: "false"
\ No newline at end of file
diff --git a/resources/latest/charts/ztunnel/values.yaml b/resources/latest/charts/ztunnel/values.yaml
index e10dfb3b5..da9b0ed7a 100644
--- a/resources/latest/charts/ztunnel/values.yaml
+++ b/resources/latest/charts/ztunnel/values.yaml
@@ -2,7 +2,7 @@ defaults:
   # Hub to pull from. Image will be `Hub/Image:Tag-Variant`
   hub: gcr.io/istio-testing
   # Tag to pull from. Image will be `Hub/Image:Tag-Variant`
-  tag: 1.23-alpha.76d03ee78276eef8ca8068698e7e2106f31a3638
+  tag: 1.23-alpha.b593318e2a5e776a6fef9e07f2b08d7913ea6a38
   # Variant to pull. Options are "debug" or "distroless". Unset will use the default for the given version.
   variant: ""
 
diff --git a/versions.yaml b/versions.yaml
index 0f0423320..2827baff4 100644
--- a/versions.yaml
+++ b/versions.yaml
@@ -34,10 +34,10 @@ versions:
     version: 1.23-alpha
     repo: https://github.com/istio/istio
     branch: master
-    commit: 76d03ee78276eef8ca8068698e7e2106f31a3638
+    commit: b593318e2a5e776a6fef9e07f2b08d7913ea6a38
     charts:
-      - https://storage.googleapis.com/istio-build/dev/1.23-alpha.76d03ee78276eef8ca8068698e7e2106f31a3638/helm/base-1.23-alpha.76d03ee78276eef8ca8068698e7e2106f31a3638.tgz
-      - https://storage.googleapis.com/istio-build/dev/1.23-alpha.76d03ee78276eef8ca8068698e7e2106f31a3638/helm/cni-1.23-alpha.76d03ee78276eef8ca8068698e7e2106f31a3638.tgz
-      - https://storage.googleapis.com/istio-build/dev/1.23-alpha.76d03ee78276eef8ca8068698e7e2106f31a3638/helm/gateway-1.23-alpha.76d03ee78276eef8ca8068698e7e2106f31a3638.tgz
-      - https://storage.googleapis.com/istio-build/dev/1.23-alpha.76d03ee78276eef8ca8068698e7e2106f31a3638/helm/istiod-1.23-alpha.76d03ee78276eef8ca8068698e7e2106f31a3638.tgz
-      - https://storage.googleapis.com/istio-build/dev/1.23-alpha.76d03ee78276eef8ca8068698e7e2106f31a3638/helm/ztunnel-1.23-alpha.76d03ee78276eef8ca8068698e7e2106f31a3638.tgz
+      - https://storage.googleapis.com/istio-build/dev/1.23-alpha.b593318e2a5e776a6fef9e07f2b08d7913ea6a38/helm/base-1.23-alpha.b593318e2a5e776a6fef9e07f2b08d7913ea6a38.tgz
+      - https://storage.googleapis.com/istio-build/dev/1.23-alpha.b593318e2a5e776a6fef9e07f2b08d7913ea6a38/helm/cni-1.23-alpha.b593318e2a5e776a6fef9e07f2b08d7913ea6a38.tgz
+      - https://storage.googleapis.com/istio-build/dev/1.23-alpha.b593318e2a5e776a6fef9e07f2b08d7913ea6a38/helm/gateway-1.23-alpha.b593318e2a5e776a6fef9e07f2b08d7913ea6a38.tgz
+      - https://storage.googleapis.com/istio-build/dev/1.23-alpha.b593318e2a5e776a6fef9e07f2b08d7913ea6a38/helm/istiod-1.23-alpha.b593318e2a5e776a6fef9e07f2b08d7913ea6a38.tgz
+      - https://storage.googleapis.com/istio-build/dev/1.23-alpha.b593318e2a5e776a6fef9e07f2b08d7913ea6a38/helm/ztunnel-1.23-alpha.b593318e2a5e776a6fef9e07f2b08d7913ea6a38.tgz