Donald Trump’s approval rating has fallen to a record low of 32%, according to a Reuters/Ipsos poll.

The decline is being driven by discontent over the cost of essential goods amid the war with Iran. Only 34% of respondents approve of the strikes on Tehran. The conflict threatens to spur inflation in the United States and other countries, as businesses pass higher fuel costs on to consumers.

Nevertheless, Trump remains popular among Republicans on the issue of migration—79% of party members support him, but only 36% of Americans overall support his approach to the issue, while 55% disapprove.

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