Hi Jake,
Welcome to the bricboard.com! How long have you owned you 1992 Volvo 740, the final year of the Volvo 700-series.
Try:
https://www.brickboard.com/FAQ/700-900/EnginePerformanceSymptoms.htm
A greater probably if the engine oil you use is mineral oil, even if the care history demonstrates the oil and filter changes at 3000 to 5000 miles.
Though check the OBD before hand:
https://www.brickboard.com/FAQ/700-900/EngineOBDCodes.htm
Check sockets 2 (fuel control, emissions), sockets 6 (ignition, EGR if fitted, and emissions). Follow the procedure. Repeat at each socket until no new three-digit codes display.
Though the immediate fault may be the idle air control valve, if the engine uses mineral engine oil, condensating combustion products can restrict the valve movement to control idle. So, we clean these, and have one or two working spares to swap in.
At 23 years, and when your arm heals, you may have wire harness corrosion. At the dash center console, behind the ashtray, is a plastic plate the carries most of the engine control and other relays. If you see distorted plastic from heat around the mounted relays, you may want to give the relay box an inspect and clean.
Also, at 23 years, in spite of miles, you may have air intake leaks at the throttle body (TB) or air intake port gaskets. Unless these were already replaced.
Other shall chime in with a much suggestions than I provide here.
Hope that helps you. Sorry about your arm. Hope it's soon to being healed up!
Questions,
Duffed.
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