Front-month WTI crude oil futures rose 0.5% to $84.92 a barrel in early trade at 2355 GMT as negotiations linked to reopening the Strait of Hormuz failed to produce progress. The waterway carries one-fifth of the world’s oil, making any disruption or uncertainty there closely watched by energy markets. President Trump said he was in no hurry to resolve the U.S.-Iran conflict and also threatened to bomb Oman if the country "gets in the way" of U.S. efforts to reach a peace deal with Iran. Iranian negotiators have held discussions with Oman in recent weeks over a provisional arrangement to manage shipping through the strait, but no tangible outcome has emerged.