Lets hope its not a bad motor from lack of oil pressure, the loss of brakes and steering is due to the engine stopped running this is normal, but hte oil light coming on with the engine running is not good, you will need to see if the engine spins and trys to start, this will tell you a little bit, if it spins then it didnt lock up, and maybe its a fuelpump or timing belt that let go, you will have to do some testing ,check for fuel pressure and spark at the plugs,
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