Key insights
- Rumors of a Trump cabinet reshuffle due to the ongoing Iran conflict and declining approval ratings are circulating. While no specific removals are confirmed, the news introduces uncertainty. The potential impact on US equities is slightly negative, stemming from geopolitical instability and potential policy shifts as the midterm elections approach.
Investing.com — U.S. President Donald Trump is considering a broader cabinet reshuffle as political pressure from the ongoing Iran war intensifies, Reuters reported, citing people familiar with internal White House discussions.
The potential overhaul follows the recent removal of Attorney General Pam Bondi and comes as the five-week conflict continues to weigh on the administration. Rising gasoline prices, declining approval ratings and growing concern among Republicans ahead of November’s midterm elections have added urgency to efforts to reset both messaging and leadership.
Officials said no single cabinet member has been definitively marked for removal, but several are under scrutiny. Director of National Intelligence Tulsi Gabbard and Commerce Secretary Howard Lutnick are among those viewed as potentially vulnerable, according to sources, amid broader dissatisfaction within the administration.
Trump has reportedly expressed frustration over the political fallout from the conflict, with some allies suggesting his recent national address failed to reassure the public. The possibility of a reshuffle is being seen internally as a way to signal action and reassert control during a period of heightened uncertainty
Despite the speculation, the White House has publicly maintained confidence in key officials. A spokesperson said Trump continues to back his cabinet, describing it as highly effective in delivering policy outcomes, even as internal discussions over potential changes continue.