Possibly, as time progresses in the agreement, the Arabs will adapt and eventually acquiesce.
I think there are several key terms
1. The many -- some interpret that as referring to Palestinians and Israel, obviously if you do that then Peace treaty makes sense, but I interpret "the many" as the UN. The term for many can be translated as captains and there is a definite article in there, so "The many captains" is a fair understanding, that sounds like the UN ambassadors.
2. The Covenant -- what covenant? If you think that is referring to the Abraham accords then obviously you think they are talking about the peace treaty, but I don't. I think it is talking about Noah's covenant that establishes government.
I have never heard of a temporary peace treaty for seven years. I also find it very weird to say they "strengthen the Abraham accords for seven years".
However, when you talk about human government every time anyone implements Martial law it is to strengthen the governments control and it is temporary. I think it is far more reasonable to say that the Antichrist is imposing Martial Law for seven years. How would you strengthen the UN's control? They have told us that they will control what you buy and sell. That aligns with the book of Revelation.
Daniel tells us that the Antichrist doing this is the beginning of the 70th week. We are also told that the Antichrist does this and He is not revealed until after the rapture. So of course, you won't see the fulfillment of this until after the rapture, but it is very clear that everything is in place.
The rapture will coincide with a catastrophic collapse to the US and the world's economy and that will open the door for the Antichrist.
I have also theorized that if the start of the 70th week is the start of a seven year period it should begin on the first day of the year (could be Tishrei 1, or Nisan 1) or it should begin on Nisan 14-17 (the 69th week ended when Jesus was crucified?)