Trump Media & Technology's stock plummeted 5.42% during intraday trading on Tuesday, as investors reacted to heightened political and economic risks.

The decline follows President Trump's initiation of military strikes against Iran, which has led to surging oil prices, closed shipping lanes, and potential economic instability. With only 27% of Americans approving of the strikes according to a Reuters/Ipsos poll, the administration faces significant political backlash that is impacting companies associated with Trump.

The conflict has already caused oil prices to jump 13% intraday and prompted Qatar to halt liquefied natural gas production, raising concerns about broader economic effects and increased volatility in energy markets.