The heading says this is the word of the Lord to Jeremiah concerning the nations. First, against Egypt and the army of Pharaoh Neco, which was by the river Euphrates at Carchemish and which Nebuchadnezzar defeated in the fourth year of Jehoiakim. The prophet describes with irony the preparation for battle: shields, horses, spears, and then the opposite picture: the terrified warriors who flee without looking back. He says they cannot escape, because the defeat comes by the Euphrates.
Egypt rises like the Nile, which swells and covers the land, and promises to destroy cities and peoples. But the Lord calls that day a day of vengeance for himself, the day of the Lord, when the sword is sated with blood. The prophet says with irony that Egypt may go up to Gilead for balm, but she multiplies remedies in vain, there is no healing for her. The nations have heard of her shame, and her cry fills the earth.
Then Jeremiah announces that Nebuchadnezzar will come to strike the land of Egypt, and tells them to declare it in Migdol, Memphis and Tahpanhes. Egypt is a beautiful heifer, but a gadfly is coming from the north. The mercenaries in her midst are like fattened calves, but they too will flee. Pharaoh is called a noisy one who let the opportunity pass. The Lord will punish Amon of Thebes, Pharaoh and Egypt with her gods and her kings, and hand them over to Nebuchadnezzar. Afterward Egypt will be inhabited as in days of old.
The chapter ends with a word to Jacob: fear not, my servant, for I will save you from far away and your offspring from the land of their captivity. Jacob will return and have quiet. The Lord will be with him, will make a full end of all the nations where he scattered him, but will not make a full end of him, and will discipline him in just measure, not leaving him unpunished.