Putin Envoy Predicts $150 Oil in Weeks as Goldman Eyes S&P 5,400

The oil price forecast for 2026 has taken a sharp turn. Putin’s special envoy Kirill Dmitriev publicly stated that oil will surge past $150 within two to three weeks. The Goldman S&P 500 crash scenario is already on the table, with Goldman Sachs modeling the index dropping to 5,400 in a severe oil supply shock. Oxford Economics says $140 oil triggers recessions in the eurozone, the UK, and Japan, and Goldman has raised its US recession probability to 25%. Brent is at $100. The Strait of Hormuz oil crisis is still ongoing. US oil CEOs are telling the Trump administration things are likely to get worse.

Also Read: BlockFills Bankruptcy: $500M Debt and 2,000 Frozen Client Accounts

Goldman Models S&P Plunging to 5,400 as Oxford Says $140 Triggers Recession

The $150 Call

BRICS News reported:

“President Putin’s Special Envoy Kirill Dmitriev says oil prices will surge over $150 in the next 2-3 weeks.”

That’s a specific number with a specific timeline, from someone with direct Kremlin access. The oil price forecast for 2026 is being shaped by this kind of signal more than anything coming out of OPEC right now.

What Goldman’s Numbers Show

Goldman Sachs modeled a severe oil supply shock scenario and placed the S&P 500 at 5,400 as the outcome. The bank also raised US recession probability to 25% at current Brent levels around $100. The Goldman Sachs S&P 500 crash scenario gets significantly worse if oil price $150 is reached, compressing margins and killing any room the Fed has to maneuver.

Also Read: JP Morgan Retirement Guide: 2026 Insights

Oxford Economics maps it out clearly: at $140, US recession probability hits 75% and eurozone recession probability reaches 90%. The US recession oil prices relationship is already being stress-tested at $100. At $150, every major economy lands in the red zone.

CEOs Warn Washington

Reuters reported that the CEOs of Exxon, Chevron, and ConocoPhillips warned Trump administration officials directly. According to the Wall Street Journal, as cited by Reuters:

“The disruption to energy flows through the vital Strait of Hormuz waterway would continue to create volatility in global energy markets.”

Those warnings were delivered in White House meetings last Wednesday and also in recent conversations with Energy Secretary Chris Wright and Interior Secretary Doug Burgum. The Strait of Hormuz oil crisis isn’t a projected risk. It’s happening now, and the oil price forecast for 2026 is also being written around it in real time.

Also Read: Ethereum Foundation Treasury Sale: 5,000 ETH to BitMine