The Alvarez hypothesis of the final K-T extinction proposes that a 10- to 20-km diameter asteroid collided with Earth and released large quantities of vaporized material (including
iridium) into the atmosphere. This material was distributed globally and blocked out the Sun for months causing "impact winter". Chemical reactions between substances in the
atmosphere and these pollutants caused the formation of acid rain.
A crater estimated to be 160 to 240 km wide was discovered off the tip of the Yucatan Peninsula in the Gulf of Mexico. Much of the Chicxulub crater lies under the ocean and is hidden
under 65 million years of sediment. Research is on-going as is the debate over whether the asteroid that formed this crater could have caused mass extinction.