Trump’s approval rating has declined to new lows for his second term in May 2026, averaging 36-40 percent across major aggregators amid widespread discontent with the ongoing conflict in Iran and related economic pressures. Multiple polls from late April through mid-May show disapproval reaching 58-63 percent, with 61 percent of Americans viewing the military action as a mistake and only slim Republican support for its handling of inflation and prices. These trends coincide with rising voter motivation among Democrats six months before the November midterms. Scheduled developments that could further influence ratings include ongoing congressional debates over funding for the Iran operations and any diplomatic shifts in the conflict. Traders assess these factors as the dominant drivers of potential further declines through the remainder of the year.