Oil output, exports knocked by Iran conflict as prices surge

March 9 (Reuters) - Saudi Arabia has begun oil output cuts, sources said on Monday, becoming the latest Gulf producer impacted by the U.S. and Israeli war on Iran which has halted ship traffic in the region and ‌sent oil prices up nearly 30% to $119 a barrel on Monday. Adding to market jitters were Tehran's hardline succession plans which ‌cooled hopes of a quick end to hostilities. Saudi oil giant Aramco has begun cutting output at two of its oilfields, two sources said, but did not provide ​further d ...