Oil and Fertilizer Prices May Soon Have Ripple Effects on These 3 Commodities Stocks
Source: Motley Fool
2026-03-29 18:28:00 ET
The ongoing Strait of Hormuz blockade has already translated into higher gas prices across the country, and those prices should continue to climb if a speedy resolution isn't achieved. Higher oil prices also increase the cost of other commodities , like fertilizer.
Fertilizer production requires a lot of natural gas, the price of which goes up in tandem with oil. The blockade had left more than 1 million tons of fertilizer stuck in the Gulf, according to a March 13 report, and farmers are already being hit by a shortage.
Here are three stocks to watch as the conflict in the Middle East continues.
Exxon Mobil Corporation
NASDAQ: XOM
XOM Trading
-0.25% G/L:
$160.50 Last:
13,870,703 Volume:
$164.40 Open:
XOM Latest News
April 02, 2026 05:04:00 am
Stagflation Fears Are Back: These 3 Stocks Can Help You Ride Out the Storm
April 01, 2026 10:35:00 am
Despite Delays, ExxonMobil Timed This LNG Project Perfectly. Is It Time to Buy the Top Energy Stock?
XOM Stock Data
$637,867,384,946
4,174,993,958
0.01%
2774
N/A
Fossil Fuels
Energy
US
Spring
