What is the “New Covenant” in Jeremiah 31:31–34?

Today Bible Study:

What is the “New Covenant” in Jeremiah 31:31–34?

God announced here the coming establishment of a New Covenant with His people. This covenant will be different from the one “I made with their fathers in the day that I took them by the hand to lead them out of the land of Egypt, My covenant which they broke. ”The New Covenant is given in these terms: “I will put My law in their minds, and write it on their hearts; and I will be their God, and they shall be My people.”

The fulfillment of this New Covenant was to individuals, as well as to Israel as a nation (v. 36; Rom. 11:16–27). It is set 1) in the framework of a reestablishment in their land (vv. 38–40 and chaps. 30–33) and 2) in the time after the ultimate difficulty (30:7).

In principle, this covenant, also announced by Jesus Christ (Luke 22:20), began to be exercised with spiritual aspects realized for Jewish and Gentile believers in the church era (1 Cor. 11:25; Heb. 8:7–13; 9:15; 10:14–17; 12:24; 13:20). It has already begun to take effect with “a remnant according to the election of grace” (Rom. 11:5). The New Covenant will be also realized by the people of Israel in the last days, including the regathering to their ancient land, Palestine (chaps. 30–33). The streams of the Abrahamic, Davidic, and New Covenants find their confluence in the millennial kingdom ruled over by the Messiah.