Goldman Sachs Group Inc. raised its 2026 Brent and WTI price forecasts to $85
and $79 a barrel, up from $77 and $72, citing the prolonged disruption of flows
through the Strait of Hormuz as the largest-ever oil supply shock. Analysts
assume shipments remain at 5% of normal for six weeks, followed by a gradual
one-month recovery, with Middle East crude losses peaking at 17 million barrels
a day and cumulative losses exceeding 800 million barrels. Goldman highlighted
the structural risks of concentrated production and vulnerable energy
infrastructure in the Middle East.
