66% of Americans Say Trump Hasn’t Clearly Explained Iran War Goals

Summary

US sentiment over the Iran war is worsening, with the burden of rising oil prices weighing on public opinion.
Some 63%% of respondents said higher gasoline prices are straining household finances, while the uptrend in fuel prices has continued.
Markets are focused on how rising oil prices and a prolonged war in the Middle East could affect US consumer sentiment and the political landscape, as well as on the future path of global oil prices and progress in US-Iran talks as key variables.

Forecast Trend Report by Period

US public opinion on the Iran war is deteriorating, with rising oil prices adding to the strain on households.

Walter Bloomberg reported on May 11 that 66% of Americans said President Donald Trump has not clearly explained the goals of the war with Iran.

Another 63% said higher gasoline prices are putting pressure on household finances. That was higher than in a survey conducted in March.

Trump’s job approval rating, however, rose slightly to 36% from 34% in the previous reading.

Fuel prices in the US have continued to climb amid Middle East tensions and risks tied to the Strait of Hormuz.

Markets are watching how higher oil prices and a prolonged Middle East conflict could affect US consumer sentiment and the political landscape. The direction of global crude prices and progress in US-Iran talks are key variables going forward.