When it "suddenly stopped idling" was it at a stop light(running) or did it work fine when you parked it at home, then the next day it wouldn't idle? Did it gradually get worst over a week or so? Did you notice any symptoms before the idle problem showed up?(like lowered vacuum(if you have a vac gauge)), did the engine slowly begin to drop idle RPM, or did it do it all of a sudden?--How about power? does the engine accelerate like it used to when you poke the throttle?
What is your ignition setup? points, or electronic? If it is points, go take a look at the phenolic rub bar on the points arm-almost sounds like the points are not even opening--symptoms are loss of vac(~2" at idle), low idle rpm(resulting in low oil pressure)---{retarded timing}