Goldman Sachs has revised its 2026 oil price forecasts, projecting Brent crude to reach $85 per barrel and West Texas Intermediate (WTI) to hit $79 per barrel. This adjustment comes in response to what the bank describes as the largest-ever supply shock resulting from disruptions in the Strait of Hormuz. The strategic waterway is a critical chokepoint for global oil shipments, and recent disturbances have significantly impacted supply expectations.