Trump’s Economic Approval Slumps Near Term Lows as $4.50 Gas and Hormuz Standoff Drag On

3 articles · Updated · Bloomberg · Jun 8

Trump is heading toward the midterms with economic approval near the lowest levels of either of his presidential terms, a notable weakness for a president who has long leaned on the economy as a political strength.
High U.S. gasoline prices — around $4.50 a gallon — and the prolonged Strait of Hormuz standoff are driving the slide by undermining voters’ confidence in the economy.
The erosion matters because the economy is typically a top voter issue, and souring views there strip Trump of one of his most reliable defenses amid broader political turmoil.
With the Hormuz crisis still unresolved, sustained fuel-price pressure risks keeping economic sentiment weak as the midterm campaign intensifies.

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Why is economic sentiment at a historic low despite some positive growth indicators?

Can long-term affordability be restored when costs for essentials have been rising for decades?

How will the Strait of Hormuz crisis permanently reshape global energy flows and security?