CNBC Daily Open: Iran's desire for a ceasefire lifts U.S. markets, but could be one-sided

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Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today

The U.S. stock market rose amid news that Iran wants a ceasefire with Israel. As early as the first days of Israel’s strikes, Tehran asked several countries to persuade U.S. President Donald Trump to call on Israel for an immediate ceasefire, NBC News reported, citing a Middle East diplomat with knowledge of the situation.

When asked at a news briefing Monday about the prospect of a ceasefire, however, Israeli Prime Minister Benjamin Netanyahu indicated he was not interested in one, according to NBC News. Netanyahu said Israel is “not backing down” from eliminating Iran’s nuclear program.

Regardless of how negotiations — or the lack thereof — play out, it’s clear that countries are placing renewed emphasis on defense. The U.S. Defense Department is turning to artificial intelligence to bolster its forces, announcing on Monday a one-year contract with OpenAI “to address critical national security challenges in both warfighting and enterprise domains.”