Trump’s approval rating has declined steadily through 2026, reaching new second-term lows near 33-36% in recent high-quality polls amid the ongoing U.S.-Iran conflict that escalated with resumed strikes in mid-July. Public concern over prolonged military engagement, surging gasoline prices, and broader economic dissatisfaction has weighed on perceptions of foreign policy and trade handling, while approval on immigration and the economy has also softened. Erosion among independents, younger voters, and some Republican-leaning groups has contributed to net ratings as low as -26 or worse. With 2026 midterms approaching, traders monitor whether continued conflict fallout or new legislative actions push ratings lower before year-end or whether any diplomatic progress stabilizes support. Historical patterns show second-term ratings can fluctuate with major events, but recent trends reflect sustained pressure on multiple issue areas.