The European Central Bank (ECB) has decided to keep interest rates unchanged at 2.25% after a thorough discussion regarding the potential impact of rising energy prices and renewed inflation worries prompted by recent oil price surges. Amid ongoing geopolitical tensions, including the Iran war, the ECB faces mounting pressure to raise rates to combat inflation. While some officials hinted at a possible rate hike in September, the ECB chose a cautious approach for now, aiming to assess the situation further. Analyst predictions indicate a 50% probability of a hike next month, but the decision remains tied to energy price trends and geopolitical risks.