The Rupee opened to a record low against the ?dollar on Wednesday as a sharp ?rise in oil prices and a rush out of risk assets piled pressure on the ?emerging market currency that analysts ?say could continue until conflict in ?the Middle East ebbs. The war in the Middle East has sent ?stock markets around the world tumbling, ?strengthened the dollar and driven oil prices to around $85 ?per ?barrel, stoking concerns about inflation and risks to energy importing economies like India. The rupee has declined more than 2% ?so far ?this ?year, among the worst performing emerging market currencies in 2026. While ?it managed a brief recovery ?after ?the U.S. and India announced a trade deal last month, partially reviving inflows ?from ?foreign investors, the relief ?proved short-lived as fighting spreads across the Middle East. The dollar rallied to a three-month high in early trading in Asia on Wednesday, with ?investors retreating from the euro as the growing conflict in the Middle East sparked fears of a sustained rise in energy prices. The euro traded down 0.3% at $1.1581, extending losses into a third day after earlier hitting its weakest since late November. That followed data released on ?Tuesday which showed euro zone inflation at a higher than expected level in February before the start of the ?Iran conflict.Global oil and gas prices have jumped as the U.S.-Israeli war on Iran disrupts energy exports from the Middle East, with Tehran's attacks on ?ships and energy facilities closing navigation in the Gulf and forcing production stoppages from Qatar to Iraq. The benchmark Brent crude ?oil contract gained 1.2% in early trading on Wednesday to $82.45 per barrel, hitting the highest since July 2024 and taking gains since ?Friday to ?14%. European gas prices are up 70% since the end of last week. The British pound ?slipped 0.3% to $1.3315. The U.S. ?dollar index , which measures the greenback's strength against a basket of six currencies, was up 0.2% at 99.284, its strongest since November 28. Against the yen , the dollar was flat at 157.68 ?yen. The New Zealand dollar was down 0.3% ?at $0.5873. Oil prices rose more than $1 on Wednesday as the U.S.-Israeli war on Irandisrupted Middle East output and halted exports from the region. Brent rose $1.11, or 1.4%, ?to $82.53 a barrel, after closing at its highest since January 2025 on ?Tuesday. U.S. West Texas Intermediate crude rose 79 cents, or 1.1%, to $75.37, after settling at its highest since June.......