According to TankerTrackers.com, a company that monitors vessel movements via satellite imagery, Iran has maintained significant crude oil exports through the strategic Strait of Hormuz shipping route. Co-founder Samir Madani stated that since the outbreak of hostilities on February 28, Tehran has transported at least 11 to 12 million barrels of crude via the waterway. He noted that the actual volume could be higher, but satellite data transmission delays caused by the conflict have hindered accurate assessment. Meanwhile, most oil-producing nations in the Persian Gulf have been unable to supply global markets due to the near-total halt of shipping through the Strait of Hormuz, driving oil prices to nearly $120 per barrel during Monday's trading session.