Texas Senator Ted Cruz recently shared a bleak forecast regarding the outcome of a hypothetical midterm election, should it occur today.

During a Sunday episode of a well-known podcast, Cruz, a staunch ally of Donald Trump in the Senate, remarked that “if the Election were held today, there would be a very good chance we would lose the House and we could lose the Senate as well.”

On the TRIGGERnometry podcast, Cruz was questioned about recent betting odds that show a steep decline in support for Republicans maintaining control of the Senate, with odds dropping by 32 points over the past three months, leaving them at a mere 50 percent chance of success.

Cruz noted, based on his experience, that prediction markets often capture the prevailing sentiment of the moment. He acknowledged, “I don’t disagree with the proposition that politically, where we are right now is a challenging position for Republicans.”

He further highlighted that his party boasts “a remarkable record of success, much of which has not been communicated to the voters.”

Meanwhile, President Trump faces mounting pressure to resolve the conflict in Iran. Reports on Tuesday revealed that his administration has put forth a 15-point peace plan and is seeking a 30-day ceasefire to facilitate negotiations.

Pentagon chiefs have ordered 2,000 paratroopers to the Middle East, along with 4,500 Marines, bringing the total force for a potential ground invasion to some 7,000 soldiers.

Trump is keeping his options open for a ground invasion, as Iran on Wednesday rejected the 15-point peace plan, instead demanding reparations and transit fees for the Strait of Hormuz.

Texas Senator Ted Cruz, a Republican, on the TRIGGERnometry podcast

A screengrab of Kalshi betting odds showing the chance of Republicans holding the Senate in the midterms, as seen on an episode of the TRIGGERnometry podcast 

Brent crude prices see-sawed from $101 down to $94 on Tuesday evening before settling at $96 on Wednesday as markets reacted to the invasion threat and Iran’s rejection of the peace plan. 

Twenty-eight percent of respondents to a recent Daily Mail/JL Partners poll cited the war as the top reason they disapprove of the job Trump is doing, up from the 20 percent who selected the Middle East in early March. 

The poll found that Trump’s approval rating has slipped to 42 percent, down from the 44 percent approval he received on March 3, just days into the Iran conflict. Trump held a 48 percent approval rating as recently as late January.

America’s war with Iran has also emerged as a fissure among the leading voices in the Republican party, Trump’s administration, and the conservative ecosystem as a whole. 

The latest Daily Mail/JL Partners poll also showed that Trump administration officials who have taken the biggest hits in popularity are officials connected to the Iran war.

Pete Hegseth, the War Secretary, is now the joint-most unpopular Cabinet secretary, with a net approval rating of minus 10.

Only 29 percent of those polled approved of his job performance, while 39 percent disapproved, and the rest were unsure.

Hegseth’s net approval rating has plummeted 10 points since February 28, the day of the first strikes against Iran.

TRIGGERnometry podcast cohosts Francis Foster (L) and Konstantin Kisin (R)

Meanwhile, Marco Rubio maintains his position as the most popular member of the Cabinet, with a net approval rating of plus 1.

However, Rubio, a main proponent of the Iran war, has also taken a hit, dropping eight points from February 28.

Tulsi Gabbard, the Director of National Intelligence, has dropped seven points in that time to a net approval rating of minus four.

There has been speculation about Gabbard’s position after Joe Kent, who worked for her as Director of the National Counterterrorism Center, resigned in protest against the Iran war last week.

In a blistering resignation letter, Kent wrote: ‘Iran posed no imminent threat to our nation, and it is clear that we started this war due to pressure from Israel and its powerful American lobby.’

Gabbard issued her own statement saying her job was to give the president the ‘best information available’ to base his decisions on.

She wrote: ‘After carefully reviewing all the information before him, President Trump concluded that the terrorist Islamist regime in Iran posed an imminent threat and he took action based on that conclusion.’

However, prediction markets are now suggesting Gabbard is likely to be out by the end of the year.