The Rupee opened weak on Monday with the market's focus swinging back to oil after Iran expanded ?strikes on Gulf states following U.S. attacks, reviving risks to India's ?trade balance. For the local currency, the ?focus has swung back to crude oil prices after hostilities between the ?United States and Iran re-escalated, with U.S. President Donald Trump saying ?the ceasefire is over. The rupee traded in a 94.96-95.60 range last week, ?largely mirroring moves in crude oil, for which India relies heavily on imports ?to meet its requirement. Traders expect that relationship to persist this week with markets assessing the implications of the latest Middle East strikes and counter-strikes on energy supplies. Beyond the focus ?on oil, market participants are watching how the Reserve Bank of India ?responds, a currency trader at a private-sector bank said. Over the weekend, Tehran expanded its attacks to Qatar and the United Arab Emirates, while the ?United States launched fresh hits on Iran, in the latest part of ?a cycle ?of attacks and counter-attacks tied to shipping through the Strait of Hormuz. Trump said on Sunday that the Strait remained open to commercial traffic. Earlier, Iran had ?indicated the ?strait had been shut. The dollar jumped against most of its peers as a renewal of conflict in the Middle East fanned inflation fears and the prospect of rate ?hikes from central banks increased. Against the yen , the U.S. dollar was up 0.1% ?at 161.92 yen. The euro weakened 0.1% to $1.1403 while the British pound slipped 0.1% to $1.3383. The Australian dollar was down 0.1% at $0.6942, while its kiwi counterpart slid 0.1% to $0.5757. Fed funds futures are pricing an implied 52.1% probability of two or more rate ?hikes ?by the time of the U.S. central bank's December meeting, compared to a 47.6% chance on Friday, according to the CME Group's FedWatch tool. The U.S. dollar index , which measures the greenback's strength against a basket of six currencies, held steady at 101.07 after rising as much as 0.2% ?from Friday's close to ?its highest level ?since July 8. Oil prices surged over 4% on Monday as energy shipments via ?the Strait of Hormuz remained under threat, with the U.S. and ?Iran announcing renewed military strikes. Brent crude futures climbed $3.10, or 4.08%, to $79.11 by 0325 GMT, while U.S. West Texas Intermediate crude rose $2.95, or 4.11%, to $74.36 a barrel.......