Israel-Iran war, March 27 -- Oil prices declined after US President Donald Trump once again extended the deadline related to action against Iran's energy sector, providing short-term relief to financial markets while extending uncertainty over how the conflict may unfold into April.

Brent crude fell as much as 2% to slip below $106 per barrel on Friday after having surged nearly 6% in the previous session, while West Texas Intermediate hovered around $93 a barrel.

Back home, crude oil prices on Multi Commodity Exchange (MCX) also witnessed a similar downtrend. MCX crude oil prices fell 1.31% to Rs.8,879 per barrel.

Trump said that although Tehran had sought a seven-day window, he granted a 10-day extension, pushing the revised deadline...