President Trump is receiving positive reactions from voters following news that a deal with Iran is underway. On Tuesday, Trump’s approval rating rose to 47 percent, his highest average this year.
The president’s approval rating had not reached this level since the end of February, when the U.S. commenced military action against Iran. According to polling by The Daily Mail, Trump’s approval rating remained around 43 percent throughout the conflict, reaching an all-time low of 42 percent in mid-March.
The recent peace deal with Iran may have come at the most opportune time to restore voter confidence. The improved poll numbers followed a period of heightened concern in May, when voters perceived the economy as highly precarious amid the conflict in Iran. According to polling conducted in May, 59 percent of respondents viewed the economy as in decline.
President Trump signed a memorandum of understanding with Iran last Wednesday following the conclusion of the G7 Summit at the Palace of Versailles. The agreement included provisions for both countries to cease hostilities and enter into a 60-day period of further negotiation.
The Daily Mail poll was conducted two days after the signing, reflecting public sentiment on the end of the war and the potential for improved gas prices. Markets reacted positively to news of the deal with Iran, with U.S. oil prices dropping significantly from an average of $4.52 per gallon to $3.93 per gallon.
Trump highlighted the turnaround in the global oil market following the signing of the memorandum of understanding with Iran. In a Truth Social post on Tuesday, President Trump noted that 19 million barrels of oil had passed through the Strait of Hormuz. “Oil prices are tumbling down,” President Trump said. “And the world is a much safer place.