The Indian rupee fell to an ?all-time low on Monday ?as stubbornly high energy prices due to the Iran ?war sent global ?bond yields soaring, denting risk ?appetite and deepening ?economic headwinds confronting the world's ?third-largest crude importer. The currency is Asia's worst performer so far in 2026, and has ?declined ?5.5% ?since the Iran war erupted on February ?28. The currency's ?decline ?on Monday marks a fifth consecutive session in ?which ?it has hit ?a record low. The Indian rupee is likely to dip at Monday's open, with a jump in U.S. Treasury yields and the resulting risk-off mood ?souring market sentiment already hit by high oil prices. U.S. yields have broken out, presenting a new pressure point for the rupee ?and other emerging market currencies, a currency trader at a bank said. The rupee will continue its slide, with the RBI focussing on managing the pace of decline, he said. The 10-year ?U.S. Treasury yield rose four basis points to 4.6250% on Monday, extending Friday’s ?14-basis-point jump. Expectations of persistently high oil prices are stoking inflation concerns and fuelling a ?selloff ?in Treasuries, with yields in Europe, the UK and Japan rising in tandem. Until last week, U.S. yields had been holding in a narrow range since the Iran conflict began, likely reflecting expectations of a resolution. That has now changed, ?with the 10-year ?yield on a ?tear. Brent crude rose nearly 2% to $111.34 per barrel amid stalled diplomatic efforts to resolve the U.S.-Iran conflict. A nuclear power ?plant in the United Arab Emirates came under attack and ?U.S. President ?Donald Trump is expected to discuss military options on Iran. The dollar index rose to 99.40, while the Indonesian rupiah slumped more than 1% to lead declines in ?Asian ?currencies. Regional equity indexes fell in line with ?U.S. equity futures. Asian currencies are bearing the brunt of the dollar's strength and higher U.S. real yields, ?MUFG Bank said in a note. The dollar firmed against most major currencies ?on Monday as fresh Middle East tensions lifted oil prices and a global bond ?selloff dented risk appetite, while yen weakness kept traders on alert for possible Japanese intervention. The euro was last at $1.1609 and sterling fetched $1.3305, both down more than 0.1%. The risk-sensitive Australian dollar weakened 0.4% to $0.7121, while the New Zealand ?dollar was little changed at $0.5827. The dollar index , which measures the greenback against a basket of ?major currencies, was a touch firmer at 99.393. Oil prices climbed on Monday, with ?Brent crude futures rising more than 1% to over $110 a barrel, after a nuclear power plant ?in the United Arab Emirates came under attack and efforts to end the U.S.-Israeli war with Iran ?appeared to have stalled. The yields on benchmark U.S. 10-year notes and the two-year notes , which typically move in step with interest rate expectations for the Federal Reserve, were last at 4.607% and 4.085%, respectively, near their highest in a ?year. Against the yen, ?the ?dollar traded at 158.84 , up 0.04% from late U.S. levels, ?with renewed yen weakness putting investors on alert for possible intervention. The offshore yuan traded at 6.8163 yuan per dollar ahead of ?Chinese activity data due later on Monday. Oil prices extended gains on Monday as efforts to end the U.S.-Israeli war on Iran appeared to have stalled, after a nuclear power plant in the United Arab Emirates came under attack and as U.S. ?President Donald Trump is expected to discuss military options on Iran. Brent crude futures climbed $2.03, or 1.86%, ?to $111.29 a barrel by 0220 GMT, after touching $112 earlier, the highest since May 5.......