Oil Traders Warn Demand Destruction Hits 5 mln bpd

Gunvor predicts demand loss could reach 5 million barrels per day in May, about 5% of global supply.
Vitol CEO Russell Hardy says war has already removed ~4 million barrels daily, with further reductions expected as conflict persists.
IEA reports Persian Gulf oil and refined product supplies cut by roughly 13 million barrels per day since war began end‑February.
Trafigura economist Saad Rahim warns Asia‑centered demand loss will spread, risking recession if Strait of Hormuz stays closed three months.