President Trump's repeated humorous references to the Strait of Hormuz as the "Strait of Trump," including sharing altered maps on Truth Social amid U.S.-Iran tensions and a naval blockade, have fueled trader expectations that no formal renaming will occur by the May 31 deadline. Such geographic changes involve complex international diplomacy, legislative processes, and multilateral agreements rather than unilateral executive action or social media posts. With implied probabilities showing near-certain consensus on "No," the absence of any official announcement or procedural steps reinforces this view. Late developments, such as an unexpected executive directive or diplomatic agreement, could theoretically shift outcomes, though the tight timeline and structural requirements make meaningful movement improbable.