Trump’s approval is climbing after the White House’s push to end the war in Iran sent oil prices tumbling, according to a new Daily Mail/JL Partners survey.
The president’s approval rating rose to 47%, while 53% disapproved, marking the highest level of Trump’s approval this year. The survey found his numbers have rebounded to their strongest point since late February.
For the previous three months, Trump’s approval rating in the Daily Mail/JL Partners survey held steady at 43% after dipping to a yearly low of 42% in mid-March.
The improvement follows what the survey suggests is growing voter appreciation for the administration’s efforts to wind down the nearly four-month-long conflict with Iran.
The poll was conducted June 19-21, shortly after Trump attended the G7 summit in France, where ending the Iran conflict was a major topic of discussion. Throughout the summit, Trump repeatedly said he wanted to bring the war to a close and argued that peace would help fuel global markets.
Trump also signed a memorandum of understanding with Iran to extend the ceasefire while both sides negotiate the terms of a broader peace agreement, a move that was followed by a positive market reaction.
At the same time, gas prices have eased. According to AAA, the national average price for a gallon of regular gasoline has fallen from $4.52 to $3.93.
“19 millions barrels of oil flowed out of the Hormuz Strait yesterday, an all time record,” Trump wrote on social media Tuesday. “Oil prices are tumbling down, and the world is a much safer place!”
Just a month earlier, voters voiced growing concerns about the economy as oil prices remained elevated.
A Daily Mail/JL Partners poll conducted in May found that 59% of respondents believed the economy was getting worse.
The latest survey also shows Trump maintaining overwhelming support among his Republican base, with 82% approving of his job performance.
Trump has also presided over a string of high-profile events, including the America 250 celebrations, the announcement of a White House UFC event, and the start of the World Cup in June.
Independent voters remain less enthusiastic, with 38% approving of Trump’s performance compared to 52% who disapproved.
Among Hispanic voters, Trump posted a 45% approval rating compared to 41% disapproval. White voters gave the president a 46% approval rating.
Black voters gave Trump a 38% approval rating, while 48% disapproved.
“President Trump appears to have got a direct approval bump from the Iran deal, putting him on his second-highest rating of the year so far,” JL Partners founder James Johnson told the Daily Mail.
“That makes sense, given we know voters see a clear link between gas prices and the Iran conflict being open.”
As Trump announced plans to begin negotiating a final peace agreement with Iran, Wall Street rallied to fresh highs.
The S&P 500 hit an all-time high on June 2, and the Nasdaq Composite did the same. The Dow Jones Industrial Average also reached a record high on June 16.
All three major indexes have since slipped slightly from those highs.
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