Summary
- U.S. public opinion on the war with Iran is worsening, with the burden of higher oil prices affecting household sentiment.
- Some 63%% of respondents said rising gasoline prices are straining household finances, a higher figure than in the March survey.
- Markets are watching the impact of higher oil prices and a prolonged Middle East war on U.S. consumer sentiment and the political landscape, while global crude prices and progress in U.S.-Iran negotiations remain key variables.
Forecast Trend Report by Period
U.S. public opinion on the war with Iran is worsening, with rising oil prices adding to pressure 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 straining household finances, up from the March survey.
Trump’s job approval rating, however, edged up to 36% from 34% in the previous reading.
Fuel prices in the U.S. have continued to rise amid tensions in the Middle East and risks surrounding the Strait of Hormuz.
Markets are watching how higher oil prices and a prolonged Middle East conflict could affect U.S. consumer sentiment and the political landscape. The direction of global crude prices and any progress in U.S.-Iran negotiations remain key variables.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
