US President Trump poses a question whether should change the name Hormuz Strait to TRUMP STRAIT???

The reason the headline trades at all is the underlying asset, since the waterway in question is the chokepoint through which a large share of globally traded crude and LNG passes, and any headline touching it tends to produce a reflexive bid in crude and freight before the substance is parsed. Episodes of this kind have typically faded within the session once it is clear no operational or legal step accompanies the comment, with the oil risk premium retracing first. The distinction worth drawing is between rhetorical references to the strait, which are noise, and anything implying enforcement posture, shipping insurance terms, or naval tasking in the area, which is what has historically moved Brent, tanker rates and Gulf crude differentials durably. The follow-ons to note are whether regional states formally respond and whether the remark is repeated by officials in a policy setting rather than an informal one.