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Trump Disapproval Hits Record as Gas Prices Top $4

5/26/2026

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Summary

Trump Disapproval

U.S. President Donald Trump’s job disapproval rating rose to 58.3%, a record high.
Gallup poll finds 76% of Americans say the economy is worsening before the November midterms.
Gasoline prices averaged at least $4 per gallon nationwide, the first $4-plus average in four years.
April price data showed beef up 14.8%, tomatoes up 15% and inflation at a three-year high, prompting officials to warn gas could exceed $5.02 per gallon.

Summary

Trump Slashes Oil

Oil fell Monday, Brent $96 and WTI $90 after President Donald Trump said Iran talks were progressing, while the Hormuz Strait stayed closed, keeping 14 million barrels offline.
Iran will handle 440.9 kg of enriched uranium in 60 days, with Russia offering to take it.
Pakistan Deputy Prime Minister Ishaq Dar called the progress “grounds for optimism.”
Asian markets rose, Japan’s Nikkei 225 at 65,130.03 (+2.8%) and Australia’s ASX 200 up 0.4%.

History

Historical Context

In October 1973 OAPEC, led by Saudi Arabia, imposed an oil embargo on the United States to protest American support for Israel, causing world oil prices to jump nearly 300% and sparking a recession. The shock forced Nixon’s administration to launch energy-independence policies that still shape today’s reliance on strategic reserves amid Iran-linked supply worries.

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Trump Disapproval

U.S. President Donald Trump’s job disapproval rating rose to 58.3%, a record high.
Gallup poll finds 76% of Americans say the economy is worsening before the November midterms.
Gasoline prices averaged at least $4 per gallon nationwide, the first $4-plus average in four years.
April price data showed beef up 14.8%, tomatoes up 15% and inflation at a three-year high, prompting officials to warn gas could exceed $5.02 per gallon.

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