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Dow drops 1,200 as stocks sell off around the world and oil prices leap even higher on war worries

A sell-off for stocks wrapped around the world and is slamming into Wall Street, as oil prices leap even higher on worries that the widening war with Iran may do more sustained damage to the economy than feared. The S&P 500 dropped 2.4% Tuesday. The Dow Jones Industrial Average tumbled 1,232 poin…