Trump has lost all the tricks up his sleeve. His political career may collapse

Yet it is difficult to imagine a crisis that could hit his presidency harder than the ill-considered and reckless war with Iran. Even if it is short-lived, it will inevitably change the course of his second term. If it continues for months, it could lead to its collapse. Make that Trump's political career will collapse. The war with Iran weakens three of its political superpowers.
It's about the ability to impose your own vision on the world, the ruthless use of influence and domination in the Republican Party. Even without the Iran war, the strength of these Trump advantages would likely wane after the midterm elections. Armed conflict will accelerate changes.
Accumulating losses
Moreover, Iran is waging a parallel war against the global energy industry. When it attacks ships in the Strait of Hormuz and the infrastructure of its neighbors, markets immediately and violently take notice of the effects of these actions. After the Iranian missile attack on the Qatari gas hub, the price of Brent crude oil rose to over $110. (PLN 405) per barrel. For the regime in Tehran, this is the best proof that its strategy is working. And it benefits Iran.
The US and Israel will eventually run out of targets that can be attacked from the air. Optionally, they will run out of supplies of missile batteries that intercept Iranian weapons. Iran, on the other hand, still appears to have a large number of drones. As long as it restricts traffic in the Strait of Hormuz, that's it oil prices will rise and the damage to the global economy will increase.
Learned resistance
Similarly, Iran opposes Trump by accumulating pressure against him. In recent days, he has signaled that he will ensure safe passage for ships from friendly countries through the Strait of Hormuz – meaning that intends to use access to the strait as a negotiating tool. Even if Trump wants to end the war, Iran could still fire on ships passing through the strait. If the waterway remains closed until the end of April, the price of oil could rise to $150. (PLN 553) per barrel.
Loss of control
The answer to this question depends partly on his last power: control of the party. Trump was elected on promises to protect voters from war and inflation. So far, 13 American soldiers have been killed in Iran. Potential land operations in Iran to seize uranium or on Khark Island would put many others at risk. Average prices of gasoline and diesel reached $3.88. and $5.09 ($14.31 and PLN 18.77) per gallon, up from $3.11. and $3.72 (PLN 11.47 and PLN 13.72) at the time of Trump's inauguration.
There is a real and high risk that Republicans will lose control of the House of Representatives in the November midterm elections. The probability of them losing the Senate also increased by 10 percentage points, to about 50%. The more they fail, the more politically powerless the president will become — and the less influence he will have on who takes over the party.
Donald Trump in Washington, March 20, 2026.Chip Somodevilla / Getty Images
Even if the fighting ended tomorrow, it could take four to six weeks for oil production to return to pre-war levels, four to eight weeks for oil markets to stabilize, and two months for shipping to normalize. The risk of Iran resuming hostile actions would remain. Prices may remain high for months. Each day like this weakens Trump's position.
His policy is based on the strength of victory. If he looks defeated, expect him to demand revenge. A weakened Trump may become even more dangerous.
A dangerous rematch
However, Trump may also strike at home. He has already supported the idea of withdrawing broadcasting licenses for media that criticize the war. He wants the Federal Reserve to cut interest rates, but his war makes that less likely — so expect more of his clashes with the regulator.
He can attack imaginary enemies or send immigration officers to Democrat-run cities. He may threaten to interfere in the midterm elections, either to rile up opponents or to actually influence the results. It is difficult to predict how the US president can emerge victorious from the conflict with Iran. But remember one thing – Trump losing is a very dangerous vision.
© The Economist Newspaper Limited, March 19, 2026




