Yes.
Yet I only see the amount of pictures stored locally on my iPhone, that's it.
Have you tried signing out of your iCloud on the phone? Sometimes signing out rather just turning the setting off then back on fixes the issue.
Just tried both of those things. Signed out of iCloud completely, even restarted my iPhone. Signed back in, still only the locally stored photos.
When I check photos on my iPhone it seems like it's uploading the pics that are stored locally now (that are also in iCloud though). I hope it won't delete the ones stored in iCloud.