Sanctions on oil export from Iran will have more serious consequences for raw material market, than was expected before, Bloomberg reports with reference to world’s leading traders. Administration of US President will most likely take a tough position to implement it.

As a result, global market might lose 2 million barrels of Iranian oil per day, Trafigura Group thinks. And although other traders, including Vitol Group of Cos. and Gunvor Group, are talking about 1 million, it is still two times higher than was predicted before.

Oil price forecasts so far are different. While Gunvor estimates price increase to $100 per barrel or higher by the end of this year, Glencore assumes that oil price can fall by $5-$10 by January as there is plenty of oil at the market.

According to analytics’ forecasts, Iranian sanctions will be long-term measures.