Asian markets experienced significant declines on Monday as the conflict between the United States and Iran entered its fourth week. According to NS3.AI, South Korea's Kospi index dropped by 4.71% as tensions heightened with an approaching deadline in the Strait of Hormuz. Brent crude oil prices rose to approximately $112 per barrel, marking an increase of over 55% since the conflict began in late February. Meanwhile, U.S. 10-year Treasury yields climbed to 4.41% as traders adjusted their expectations, moving away from the possibility of a Federal Reserve rate cut. Bitcoin and major altcoins also faced sell-offs alongside equities during these risk-off trading days.