Strait of Hormuz traffic is near a standstill again, but analysts say 'the world has adapted'

Days of attacks and counterattacks between the US and Iran have ground traffic in the Strait of Hormuz to a near standstill, but the economic ripples — so far, at least — aren't quite as dramatic.

Futures for international oil benchmark Brent crude (BZ=F) remain far off the $100 levels seen from March through May. The story has been similar in US-benchmark WTI crude (CL=F), which jumped this week but then quickly retreated below its 200-day moving average.