Defense Stocks Fall While Oil Slides on Hormuz Reopening Report: Lockheed Martin and RTX Drop 3%, Boeing Dips

Aerospace and defense stocks traded lower Tuesday after Reuters reported that Iran offered to reopen the Strait of Hormuz within seven days if the U.S. takes initial steps to ease military pressure. The proposal could reduce near-term geopolitical risk and disrupt demand expectations for defense assets, while also potentially easing a major threat to global oil-shipping flows.