Philippe Lyn, a member of the European Central Bank, said that the oil market has undergone significant changes since the last ECB decision. He added that we must wait to see how the decline in oil prices gradually affects the broader economy. Economic confidence has improved somewhat, but it has not yet returned to pre‑war levels. Investors and consumers have not yet made a rapid, fundamental shift in their outlook. Oil prices for 2027 and 2028 are still projected to remain above pre‑war levels.