Goldman Sachs Increases 2026 Oil Price Forecast Amid Strait of Hormuz Disruption

Goldman Sachs has revised its oil price predictions for 2026, citing ongoing disruptions in the Strait of Hormuz as a significant factor. Bloomberg posted on X, highlighting that the bank considers this disruption the largest supply shock ever experienced by global crude markets. The Strait of Hormuz is a critical chokepoint for oil transportation, and its prolonged disruption has raised concerns about future supply stability. As a result, Goldman Sachs anticipates higher oil prices in the coming years, reflecting the potential impact on global energy markets.