There are a few different loops for this circuit, and it looks like there should be only two independent loops, but I find it helpful to look at three different loops for the "loop rule" to understand what "would happen."
Loop 1 (pass through the battery and along the wire with the resistor and back to the battery):
$$
V=IR
$$
Loop 2 (go from your point A to point B through the resistor and back to point A via the wire):
$$
IR=0
$$
Loop 3 (pass through the battery and along the wire back to the battery):
$$
V=0
$$
Seems like such a circuit can't "exist" except when $V=0$, which means $I=0$.
On the other hand, if the wire isn't "perfect" but actually a small finite resistance "r" (through current which $i = I_0 - I$ flows) then the equations are:
Loop 1 (pass through the battery and along the wire with the resistor and back to the battery):
$$
V=IR
$$
Loop 2 (go from your point A to point B through the resistor and back to point A via the wire):
$$
IR=ir
$$
Loop 3 (pass through the battery and along the wire back to the battery):
$$
V=ir
$$
In both sets of equation there are really only two independent equations and we need some more rules, e.g., the junction rule ($I_0=I+i$) and the equivalent resistance rule ($1/R_0 = 1/R + 1/r$), to make much more progress.
If we use the second rule above we can also write:
$$
I/i = r/R
$$
(as another answer has also stated). In this case it again appears that we can say $I=0$ if $r\to 0$.
But regardless, the main issue is that if you presuppose an ideal wire connected directly between the terminals of a "ideal cell", as in the picture, there is actually no way to sustain a non-zero potential difference across the "ideal cell."
You can also understand this logical problem from the definition of electrical potential. If you have a perfect conductor (the ideal wire) connected from one terminal of a "battery" to another the potential difference across the terminals must actually be zero since the electric field inside a perfect conductor is zero and I can go all the way from one terminal to another inside the perfect conductor:
$$
V = \int E\cdot dl = \int 0 = 0
$$
So, basically, yes, you are correct, the current I is zero. However, this is because the picture cannot make sense unless the ideal cell has $V=0$. It is just absurd otherwise; we can make absurd drawings, we can make absurd statements, we can pose absurd questions. For example, I could ask you: "What is the square root of a hockey puck?" Clearly this is absurd, and really there is no good answer since there is no good question.