Fearing Iranian retaliation, Saudi Arabia tries to push the U.S. to give up its Hormuz blockade.

Plus, a pair of congressional resignations as Eric Swalwell and Tony Gonzalez agreed to leave the chamber,

and will crunch the numbers on millennials claim that they got the short end of the economic stick.

They were not wildly different, which may surprise some people. The complaint that millennials today

are making way less than boomers just doesn't really bear out in the data. It's Tuesday, April 14th.

I'm Luke Vargas for the Wall Street Journal, and here is the AM edition of What's News, the top headlines and business stories

moving your world today.

Saudi Arabia is pressing the U.S. to end its blockade of the Strait of Hormuz,

fearing that the move could trigger Iranian retaliation and the disruption

of other key shipping routes. Saudi Arabia was recently able to get its oil exports back to

pre-war levels by piping it across the desert to the Red Sea. However, we report that officials

there worry that Iran could lash out against the blockade by attacking the Bob El Mendeb straight at

the mouth of the sea. Iranian allied Houthi rebels in Yemen severely disrupted traffic

through that strait during the Gaza War, but of thus far largely stayed out of the current

conflict. Instead of risking a Houthi entry into the fight, Saudi officials are urging the U.S.

to return to the

negotiating table with Iran, with Gulf officials saying that although the warring sides are

publicly maintaining hard lines, the combatants are actively engaging with mediators.

Global markets are higher and oil lower this morning on hopes of more talks.

Meanwhile, the Iran war is starting to show up in Chinese

economic data posing a threat to one of the country's major growth drivers. I spoke to Asia

economics reporter Hannah Meow to learn more. We just received China's export data for March,

...