Replacement theology. It is widely adhered to in Reformed circles; it simply advocates that the nation of Israel has been abolished and Israel's promises have been transferred to a new entity known as "the Church", which Elohim is exclusively working through. Any promises of a physical restoration of people to the Holy Land, is to be simply allegorized away as a sign of spiritual bounty.
In contrast, dispensationalism believes that Israel's promises are still valid, but that Israel has been temporarily put aside because of the Jew's wide scale rejection of Yeshua, and that right now God is working through the Church. When the Church has been raptured to Heaven it is said, then God will once again deal with the nation of Israel.
Thus says the Lord, Who gives the sun for a light by day, The ordinances of the moon and the stars for a light by night, Who disturbs the sea, And its waves roar (The Lord of hosts is His name): "If those ordinances depart From before Me, says the Lord, Then the seed of Israel shall also cease From being a nation before Me forever.”