Some tensions will be inflamed sort term but it will only be blaming the move for what has already been happening and will keep on happening. It just provides a new sack of complaints, or rather puts some different content in the old sack.
The Palestinkians and their American left & Eurotrash enablers blowing gaskets about the move threatening the "peace process" cracks me the heck up. How many decades has this "process" been dragging along now - six or seven? If that is what they call peace, would hate to see what they consider as war. Maybe they go by the Orwellian definition "War is Peace".