President Trump's remarks and social media posts referencing the "Strait of Trump," including shared maps amid U.S.-Iran tensions and a naval blockade, have fueled trader attention but produced no formal renaming action. International waterways like the Strait of Hormuz fall under global conventions and require broad consensus rather than unilateral executive orders, unlike domestic U.S. features such as the Gulf of America or Lake America. No legislative, diplomatic, or mapping-body process has advanced toward an official change by the December 31 deadline, and Iran along with neighboring states continue to reject any U.S. sovereignty claims. These legal and geopolitical constraints underpin the market's strong consensus against the outcome.