Trump's approval ratings in 2026 have averaged in the mid-to-high 30s amid steady erosion from early-term levels near 50%, driven primarily by the U.S.-Iran conflict that began with strikes in spring 2026. The prolonged engagement has disrupted global oil flows through the Strait of Hormuz, contributing to elevated gasoline prices and broader cost-of-living pressures that weigh on economic sentiment. Recent polling aggregates from August show approval between 33% and 39%, with disapproval in the high 50s to low 60s across major surveys. Midterm elections scheduled for November could shift dynamics through congressional outcomes or policy adjustments, while any verifiable diplomatic progress on Iran or energy markets might influence near-term readings. Traders assess these factors alongside historical patterns of presidential approval volatility during foreign policy engagements.