From the July, 2021 Scientific American: The Carbon rocks of Oman:
"...fertilizing the ocean would increase the growth of phytoplankton that naturally absorb CO2 through photosynthesis'. (page 47)
Yes, plants on the land or on/in the water breathe in carbon dioxide and release oxygen, but....
They are eaten by other organisms, including bacteria, that consume oxygen and release carbon dioxide, ultimately LOWERING levels of oxygen in the water (creating dead zones) and RAISING levels of carbon dioxide in the air....
I know this because I live in the greater Chesapeake Bay area, and have relatives in the lower Mississippi area.
We are always being told to REDUCE fertilizer use, not increase it, because 'blooms' of algae, cyanobacteria, etc. ultimately REDUCE levels of oxygen in the water, creating dead zones, and increase levels of CO2 in the atmosphere....