Trump approval falls to 33% amid Iran war
Analysis based on 95 articles · First reported Jul 24, 2026 · Last updated Aug 19, 2026
The prolonged Iran conflict and resulting high gasoline prices are weighing on consumer sentiment and inflation expectations, pressuring oil-dependent sectors and raising costs for households. Political uncertainty ahead of the midterms, coupled with concerns over presidential ethics and business entanglements, may increase market volatility and affect sectors sensitive to policy changes.
A Thomson Reuters — Reuters/Ipsos poll concluded on August 17, 2026, showed President Donald Trump's approval rating fell to 33%, the lowest of his presidency, with 64% disapproving. The decline is attributed to the ongoing U.S.-Iran war, which has disrupted oil trade through the Strait of Hormuz and pushed gasoline prices above $4 per gallon. 80% of Americans expect the conflict to last an extended period, and only 20% believe the war has been worth it. The poll also found that 69% of Americans believe Trump has inappropriately profited from his family's cryptocurrency ventures, including World Liberty Financial and the TRUMP (meme coin), and that his business interests influence his decisions. The war and economic concerns are hurting Republicans' prospects in the November midterm elections, with Democrats leading on economic stewardship for the first time in a decade. Trump has reportedly grown frustrated with the war's duration and strained ties with Israeli Prime Minister Benjamin Netanyahu. The United States — White House denies conflicts of interest and says Trump's investments are independently managed.
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