The European Central Bank (ECB) has indicated that the recent agreement with Iran will not provide an immediate solution to the ongoing energy crisis. The ECB expressed concern that restoring Iran’s oil production capacity will be a lengthy process. Significant time will be required to repair damaged infrastructure within Iran’s energy sector. Furthermore, resuming oil shipments and ensuring vessels return to service will also take considerable time. The agreement’s impact on global energy markets is therefore not expected to be swift or substantial. Experts suggest logistical hurdles and technical challenges will delay any significant increase in Iranian oil exports. This means Europe will continue to grapple with high energy prices and supply concerns in the short term.