Goldman Sachs Raises Oil Forecasts Amid Record Hormuz Supply Shock

Goldman Sachs has sharply revised its oil price forecasts for 2026, projecting that Brent crude will average $85 a barrel this year — up from an earlier estimate of $77 — as the prolonged disruption of flows through the Strait of Hormuz inflicts what the bank describes as the largest supply shock in the history […]

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