Economic confidence plummets in US amid Iran war, poll shows

A new Gallup poll indicates a significant drop in US economic confidence, reaching -45, the lowest point since 2022. This decline is attributed to rising petrol prices and inflation, exacerbated by the conflict with Iran. Only 16 percent of Americans view the economy as "good" or "excellent," with 49 percent describing conditions as "poor." The survey, released Friday, shows 76 percent believe the economy is worsening. Petrol costs have surged to an average of $4.55 per gallon following the US and Israeli strikes in Iran and Iran's subsequent closure of the Strait of Hormuz, impacting oil and gas prices. This economic sentiment poses a challenge for President Trump ahead of the midterm elections.

A recent poll indicates that two-thirds of Americans believe President Trump is prioritizing immigration enforcement over their economic well-being. This sentiment is growing amid concerns about the economic costs of the Iran situation and rising fuel prices. A separate poll shows declining confidence in the economy, with nearly half of respondents rating its current state as poor. Even among Trump voters, a significant portion believes the administration has the wrong priorities, citing the economy and rising living costs as reasons for potentially not voting Republican in upcoming elections. The polls suggest a majority of voters favor redirecting spending from immigration enforcement to address affordability issues.