Trump approval hits new low amid rising costs from Iran war – marketscreener.com
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Published on 04/29/2026 at 05:50 am EDT – Modified on 04/29/2026 at 05:51 am EDT
STORY: A new Reuters/Ipsos poll completed on Monday shows that President Donald Trump’s approval rating has fallen to its lowest level of his current term.
That’s as Americans grow increasingly unhappy with rising living costs and an unpopular war with Iran.
The four-day poll shows just 34% of Americans approve of Trump’s performance in the White House, down two percentage points from a prior survey done mid April.
Most responses were gathered before Saturday night’s shooting at the White House Correspondents’ Association dinner, where Trump was due to speak.
:: Bill Frischling / CQ Roll Call
A gunman was stopped before entering the hall where the president was dining, and has since been charged with attempting to assassinate him.
It remains unclear whether the incident will shift public opinion.
:: Archive
Trump’s standing has steadily declined since he took office in January 2025, when 47% of Americans approved of his leadership.
:: U.S. Central Command via X
Support has been weighed down by the war with Iran and its impact at home, most visibly at the gas pump.
Since the United States and Israel launched strikes on Iran in late February, gasoline prices have surged more than 40%, climbing to around $4.18 a gallon.
Only 22% of Americans now approve of the president’s handling of the cost of living, down three percentage points from the previous poll.
:: Archive
The price hikes are fueling concern among Trump’s Republicans that they could lose control of the U.S. Congress in the November midterm elections.
While more than three-quarters of Republicans still back Trump, around two-fifths of them disapprove of how he’s dealt with prices.
Independent voters, a key voting bloc, currently favor Democrats by 14 points, with one in four still undecided.
:: Archive
Trump swept to victory in 2024, promising to bring prices down.
:: Archive
But his approval rating on the economy now sits at 27%, lower than at any point during his first term and below the weakest ratings seen under former president Joe Biden.
:: CENTCOM
Despite a recent ceasefire, tensions with Iran continue to disrupt global oil supplies, pushing energy prices higher.
Just 34% of Americans now approve of the U.S. conflict with Iran.
The Reuters/Ipsos poll surveyed more than 1,200 adults nationwide and has a margin of error of three percentage points.
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