Trump's approval rating has declined steadily through 2026 to the low-to-mid 30s in recent aggregates, with individual polls recording new lows near 33 percent amid net ratings around -20 to -27. The primary drivers include the ongoing U.S. military actions against Iran that resumed in mid-July, which have coincided with sharp rises in gas prices and public dissatisfaction over foreign policy handling. Persistent concerns about inflation, the cost of living, and economic performance have further weighed on ratings, producing historically low figures for this stage of a presidency. With the November 2026 midterms approaching, traders are watching whether continued conflict escalation, further price pressures, or any diplomatic developments could push approval even lower before year-end.