No, that is not what it indicates. It refers to the oppression that the Gentiles will heap on Israel and the fulffillment of it. It refers to the end of the Gentile possession and rulership of Jerusalem. That happened on June 7, 1967 when Jerusalem was finally in Jewish hands for the first time in almost 2,000 years.
But is Israel now called Jezreel.
Hosea 1:11
"Then shall the children of Judah and the children of Israel be gathered together, and appoint themselves one head, and they shall come up out of the land: for great shall be the day of Jezreel"
