President Donald Trump's approval rating has hovered in the mid-30s through mid-2026, near second-term lows according to recent Gallup, Pew, and CNN aggregates, amid the ongoing conflict with Iran and elevated energy prices that have weighed on economic sentiment. Republican support has eroded from earlier peaks above 80 percent, while Democratic disapproval remains near-universal. Midterm elections scheduled for November 2026 represent a key near-term test, with voters increasingly viewing their ballots as a referendum on administration handling of foreign policy, trade, and inflation. Further escalation in the Middle East or sustained gasoline price spikes could intensify downward pressure, whereas de-escalation or positive economic data releases might provide modest support. Historical patterns show presidential ratings often stabilize or rebound modestly after initial declines in the second year.