In a mixing bowl, combine flour, salt, and black pepper. Gradually add cold water, whisking until smooth.

In a deep fryer, heat vegetable oil to 350?F (175?C).

Dip each olive into the batter, ensuring they are fully coated.

Carefully place the battered olives into the hot oil. Fry until golden brown, about 3-4 minutes.

Using a slotted spoon, remove the olives and drain on paper towels. Serve hot.