Trump’s job approval has hovered in the mid-to-high 30s through mid-September 2026 after starting his second term near 47 percent, with several major polls recording new lows near 33 percent during the summer. The dominant driver remains the ongoing U.S. military involvement in Iran, which has sustained elevated gasoline prices and broader cost-of-living pressures while eroding support for the president’s handling of foreign policy and the economy. Aggregators show net approval near minus 20 points, reflecting steady erosion across successive surveys rather than abrupt drops. With November midterm elections approaching, traders are monitoring whether further developments in the conflict, tariff policy outcomes, or economic data releases could push ratings lower or stabilize them ahead of the November vote.