Trump’s approval rating has remained subdued throughout 2026, with recent national polls placing it between 33% and 41% and most aggregates near 36-39%. The ongoing conflict with Iran, which escalated earlier in the year, has weighed heavily by driving up gas prices and broader inflation, issues that now rank among voters’ top concerns and receive some of the president’s lowest issue-specific ratings. Economic discontent has contributed to gradual erosion even among Republicans and independents, while border security and immigration remain relative strengths. With midterm elections approaching in November, scheduled congressional votes and any major diplomatic or economic developments in the final quarter could still influence whether ratings see a temporary lift or continued pressure. Trader consensus on peak levels for the remainder of the year reflects these structural headwinds and the absence of recent positive catalysts.