How can I display an image from a URL in a Java JPanel?

import java.awt.Image;
import java.awt.image.ImageIcon;
import java.net.URL;
import javax.swing.ImageIcon;
import javax.swing.JLabel;
import javax.swing.JPanel;

public class DisplayImage {

    public static void main(String[] args) {
        // Create a panel to hold the image
        JPanel panel = new JPanel();

        // Load the image from a URL
        Image image = Toolkit.getDefaultToolkit().getImage(new URL("http://www.example.com/image.jpg"));

        // Create an ImageIcon from the image
        ImageIcon icon = new ImageIcon(image);

        // Create a label to hold the image icon
        JLabel label = new JLabel(icon);

        // Add the label to the panel
        panel.add(label);

        // Add the panel to the frame
        JFrame frame = new JFrame();
        frame.getContentPane().add(panel);

        // Set the size of the frame
        frame.setSize(400, 400);

        // Display the frame
        frame.setVisible(true);
    }
}