diff --git a/third_party/istio-latest/net-istio.yaml b/third_party/istio-latest/net-istio.yaml
index 44d5c5e2a6a7..453a1f6069d1 100644
--- a/third_party/istio-latest/net-istio.yaml
+++ b/third_party/istio-latest/net-istio.yaml
@@ -1,4 +1,4 @@
-# Generated when HEAD was 1bcef16747b76bd45ebf5462ce86a12953d792f2
+# Generated when HEAD was be1d61ed90978692afc989b5559b3589f1985409
 #
 # Copyright 2019 The Knative Authors
 #
@@ -22,7 +22,7 @@ metadata:
   labels:
     app.kubernetes.io/component: net-istio
     app.kubernetes.io/name: knative-serving
-    app.kubernetes.io/version: "20240731-1bcef167"
+    app.kubernetes.io/version: "20240806-be1d61ed"
     serving.knative.dev/controller: "true"
     networking.knative.dev/ingress-provider: istio
 rules:
@@ -54,7 +54,7 @@ metadata:
   labels:
     app.kubernetes.io/component: net-istio
     app.kubernetes.io/name: knative-serving
-    app.kubernetes.io/version: "20240731-1bcef167"
+    app.kubernetes.io/version: "20240806-be1d61ed"
     networking.knative.dev/ingress-provider: istio
 spec:
   selector:
@@ -93,7 +93,7 @@ metadata:
   labels:
     app.kubernetes.io/component: net-istio
     app.kubernetes.io/name: knative-serving
-    app.kubernetes.io/version: "20240731-1bcef167"
+    app.kubernetes.io/version: "20240806-be1d61ed"
     networking.knative.dev/ingress-provider: istio
 spec:
   selector:
@@ -114,7 +114,7 @@ metadata:
   labels:
     app.kubernetes.io/component: net-istio
     app.kubernetes.io/name: knative-serving
-    app.kubernetes.io/version: "20240731-1bcef167"
+    app.kubernetes.io/version: "20240806-be1d61ed"
     networking.knative.dev/ingress-provider: istio
     experimental.istio.io/disable-gateway-port-translation: "true"
 spec:
@@ -152,7 +152,7 @@ metadata:
   labels:
     app.kubernetes.io/component: net-istio
     app.kubernetes.io/name: knative-serving
-    app.kubernetes.io/version: "20240731-1bcef167"
+    app.kubernetes.io/version: "20240806-be1d61ed"
     networking.knative.dev/ingress-provider: istio
 data:
   # TODO(nghia): Extract the .svc.cluster.local suffix into its own config.
@@ -262,7 +262,7 @@ metadata:
   labels:
     app.kubernetes.io/component: net-istio
     app.kubernetes.io/name: knative-serving
-    app.kubernetes.io/version: "20240731-1bcef167"
+    app.kubernetes.io/version: "20240806-be1d61ed"
     networking.knative.dev/ingress-provider: istio
 spec:
   selector:
@@ -280,7 +280,7 @@ metadata:
   labels:
     app.kubernetes.io/component: net-istio
     app.kubernetes.io/name: knative-serving
-    app.kubernetes.io/version: "20240731-1bcef167"
+    app.kubernetes.io/version: "20240806-be1d61ed"
     networking.knative.dev/ingress-provider: istio
 spec:
   selector:
@@ -313,7 +313,7 @@ metadata:
   labels:
     app.kubernetes.io/component: net-istio
     app.kubernetes.io/name: knative-serving
-    app.kubernetes.io/version: "20240731-1bcef167"
+    app.kubernetes.io/version: "20240806-be1d61ed"
     networking.knative.dev/ingress-provider: istio
 spec:
   selector:
@@ -330,14 +330,14 @@ spec:
         app: net-istio-controller
         app.kubernetes.io/component: net-istio
         app.kubernetes.io/name: knative-serving
-        app.kubernetes.io/version: "20240731-1bcef167"
+        app.kubernetes.io/version: "20240806-be1d61ed"
     spec:
       serviceAccountName: controller
       containers:
         - name: controller
           # This is the Go import path for the binary that is containerized
           # and substituted here.
-          image: gcr.io/knative-nightly/knative.dev/net-istio/cmd/controller@sha256:9694be4fac28b461f8b0deb8106dde27afea5fe6194f3f103fdb4ba0b7407e82
+          image: gcr.io/knative-nightly/knative.dev/net-istio/cmd/controller@sha256:80501ef1d5875123f8eeeba02f58b345605e57a26301f45236ad90d0927d02b3
           resources:
             requests:
               cpu: 30m
@@ -416,7 +416,7 @@ metadata:
   labels:
     app.kubernetes.io/component: net-istio
     app.kubernetes.io/name: knative-serving
-    app.kubernetes.io/version: "20240731-1bcef167"
+    app.kubernetes.io/version: "20240806-be1d61ed"
     networking.knative.dev/ingress-provider: istio
 spec:
   selector:
@@ -430,14 +430,14 @@ spec:
         role: net-istio-webhook
         app.kubernetes.io/component: net-istio
         app.kubernetes.io/name: knative-serving
-        app.kubernetes.io/version: "20240731-1bcef167"
+        app.kubernetes.io/version: "20240806-be1d61ed"
     spec:
       serviceAccountName: controller
       containers:
         - name: webhook
           # This is the Go import path for the binary that is containerized
           # and substituted here.
-          image: gcr.io/knative-nightly/knative.dev/net-istio/cmd/webhook@sha256:391c63feba81eb110afe69783c2638b8f3f51e390295d5025c3e2580053245b3
+          image: gcr.io/knative-nightly/knative.dev/net-istio/cmd/webhook@sha256:5354ea35018f9182e03447ca9cafe8998d5adbb6c625eb5cc731726cfa92b514
           resources:
             requests:
               cpu: 20m
@@ -515,7 +515,7 @@ metadata:
   labels:
     app.kubernetes.io/component: net-istio
     app.kubernetes.io/name: knative-serving
-    app.kubernetes.io/version: "20240731-1bcef167"
+    app.kubernetes.io/version: "20240806-be1d61ed"
     networking.knative.dev/ingress-provider: istio
 
 ---
@@ -542,7 +542,7 @@ metadata:
     role: net-istio-webhook
     app.kubernetes.io/component: net-istio
     app.kubernetes.io/name: knative-serving
-    app.kubernetes.io/version: "20240731-1bcef167"
+    app.kubernetes.io/version: "20240806-be1d61ed"
     networking.knative.dev/ingress-provider: istio
 spec:
   ports:
@@ -581,7 +581,7 @@ metadata:
   labels:
     app.kubernetes.io/component: net-istio
     app.kubernetes.io/name: knative-serving
-    app.kubernetes.io/version: "20240731-1bcef167"
+    app.kubernetes.io/version: "20240806-be1d61ed"
     networking.knative.dev/ingress-provider: istio
 webhooks:
   - admissionReviewVersions:
@@ -620,7 +620,7 @@ metadata:
   labels:
     app.kubernetes.io/component: net-istio
     app.kubernetes.io/name: knative-serving
-    app.kubernetes.io/version: "20240731-1bcef167"
+    app.kubernetes.io/version: "20240806-be1d61ed"
     networking.knative.dev/ingress-provider: istio
 webhooks:
   - admissionReviewVersions: