Trump’s approval rating has remained underwater throughout his second term, averaging in the mid-to-high 30s percent approve and low-to-mid 50s percent disapprove as of mid-September 2026. The ongoing U.S.-Iran conflict that began in February, coupled with elevated gasoline prices and voter dissatisfaction with cost-of-living and tariff policies, has weighed on public sentiment across multiple pollsters. Recent surveys from Reuters/Ipsos, Economist/YouGov, and others have recorded lows near 33-34 percent approval in summer months, with modest stabilization or slight rebounds appearing in early September aggregates. Midterm elections scheduled for November 2026 represent the next major test of support, while any diplomatic progress on Iran or shifts in economic indicators could alter trajectories before year-end. Trader focus centers on whether ratings dip further amid persistent headwinds or stabilize near current levels.