The comments triggered renewed anxiety in global energy markets, with investors concerned that the 10-week-old conflict could further disrupt oil supply chains.
Brent crude, the international oil benchmark, rose more than 0.8 per cent to trade above 105 dollars per barrel in futures trading, while oil prices remained elevated across Asian markets after gaining nearly 3 per cent in the previous session.
Currency market experts said the combination of rising oil prices and geopolitical uncertainty had increased pressure on emerging market currencies, including the rupee.
The dollar index, which measures the strength of the US currency against a basket of major global currencies, also edged higher during the session.
Indian equity markets mirrored the cautious sentiment, with benchmark indices opening sharply lower. The Sensex dropped more than 525 points in early trade, while the Nifty slipped over 160 points.
Investor sentiment was further dampened by continued foreign fund outflows. According to exchange data, Foreign Institutional Investors sold Indian equities worth more than Rs 8,400 crore on Monday.
With PTI inputs
