President Trump's occasional references to the Strait of Hormuz as the "Strait of Trump," including a March speech and an April Truth Social repost of a supporter's altered map, have not translated into any formal executive order, legislative proposal, or diplomatic initiative for an official rename. With only two weeks remaining before the May 31 deadline, trader consensus at 98.6 percent against the outcome reflects the absence of concrete steps toward such a change, which would typically require coordination with international partners, updates to maritime charts, and public announcements from relevant agencies. Late developments, such as an unexpected presidential directive amid ongoing regional tensions, could still shift probabilities before the cutoff.