Oil And Fertilizer Prices May Soon Have Ripple Effects On These 3 Commodities Stocks

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.

This post originally appeared at The Motley Fool.