I know that it doesn’t seem like a popular idea today, but many—most—people are not premillennial in their eschatological views. Many, including myself, believe that the Old Testament prophecies with regard to the coming kingdom had reference to the New Testament church, not to a political Jewish state. Therefore, the fate of the modern nation of Israel is not viewed as quite as relevant to Biblical prophecy as most would espouse.
Having said that, I still support Israel. I don’t support them because of any belief that the modern state of Israel is the primary fulfillment of Biblical prophecy. I support them because they are the good guys in the region. I am open to working with the Palestinians, but they have to start developing some track record of good faith and behavior before any significant progress can be expected.
1) Have not all of the OT prophecies about the first coming of Christ (an Israelite) been fulfilled?
2) Has not the prophecy that the Nation of Israel would be established (Ezekiel 37:21-22), and established in a single day (Isaiah 66:8-9), and in fact on the exact day that was prophesied (Ezekiel 4:4-6), not been fulfilled in our time (at least in my time)?
3) Has not the prophecy that the Jews would again occupy Jerusalem (Zechariah 8:6-8) not been fulfilled in out time?
4) Has not the prophecy that the Jews would be gathered from among the nations (Ezekiel 36:17-23; Zechariah 8:7-8; Isaiah 43:5-6) not been fulfilled in our time?
These occurrences are not just coincidence.
The New Testament Church was grafted into physical Israel as God's chosen people (we didn't replace it). God has never rescinded His promises to Abraham, Isaac and Jacob - including the one that He would bless those who bless Israel and curse those who curse Israel (Genesis 12:3).