Global oil prices climbed sharply on Friday, with Brent crude crossing the $90 per barrel mark for the first time in nearly two years after U.S. President Donald Trump said there would be “no deal with Iran” and urged Tehran to “surrender.”

In early trading, Brent Crude rose by $5.50, or 6.5 percent, to reach $90.91 per barrel. Meanwhile, West Texas Intermediate surged by $7.86, or roughly 9.7 percent, to trade around $88.80 per barrel.

The rally was even stronger in the Middle East benchmark Murban crude, which jumped 6.45 percent to $100.6 per barrel.

The surge in prices comes as supply concerns intensify across global energy markets. Several major crude-processing countries in Asia have reportedly moved to reduce oil production, adding to fears of tighter supply.

Market indicators suggest that both Brent and WTI are gaining upward momentum, with some analysts forecasting that prices could establish a new base near $95 per barrel in the coming days.

Energy analysts also noted that commodity markets often respond faster to logistical disruptions than to changes in production. With tensions escalating around the Gulf region, early warning signals such as rising tanker freight rates, war-risk insurance premiums, and shipping costs have already begun to influence pricing.