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Did the engine turn off on it's own when this happened?
I would start by checking the oil level and the coolant level. I know this seems simple, but you have to make sure it's full of oil. If it's low on coolant then that would mean it overheated because of a leak in the cooling system. If the leak isn't obvious, then you will need to pressure test the system. If it's full of coolant, then I would start by replacing the thermostat.
If it's stuck closed it will cause the truck to overheat on you. These are the first steps in checking the problem.
If the oil level is full, then the issue might be a result of a faulty oil sending unit. If that's the case then you can simply replace the sending unit to resolve the issue. It's ok to run the truck for a few minutes to check and see if the oil light still comes on, just don't let it get hot.
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