President Trump's informal references to the Strait of Hormuz as the "Strait of Trump," including a March 2026 speech and an April Truth Social post sharing an altered map, have remained rhetorical gestures. No executive order, legislative action, or coordination with the International Hydrographic Organization has advanced an official name change for this international waterway. Recent August statements about designating the strait U.S. territory after military developments in the region have not produced corresponding administrative steps. Traders price the December 31 deadline at 94.5% No because unilateral U.S. renaming of a global chokepoint lacks precedent, requires multilateral approval, and faces substantial diplomatic and procedural barriers absent concrete policy implementation.