LSE:WIX 24 December 2025

April 5, 2026, 8:07 PM EDT. Oil prices have surged due to the Iran conflict, raising recession risks that could pressure stock markets. Investors may seek safety in defensive dividend stocks with stable earnings. Enbridge (ENB) stands out as a North American energy infrastructure firm with over 98% of earnings from contracted operations, delivering a 5% dividend yield and 31 consecutive years of dividend increases, backed by predictable cash flow and growth projects into the 2030s. Procter & Gamble (PG) offers recession-resistant consumer staples, boasting 135 years of dividend payments and 69 years of increases, qualifying as a Dividend King with a near 3% yield. Both names provide income stability and growth potential, helping portfolios weather economic uncertainty sparked by volatile oil prices.