This is a story worth watching because Saudi Arabia can hardly be considered a stable state, and any kind of uprising that may occur if/when King Fahd dies could have serious implications on oil prices and Middle East geopolitics. I think the royal family would be able to maintain control if there were unrest in the event of Fahd's death, but it is one those situations where you have to at least be prepared for the worst. So I wouldn't be surprised if Fox News' TV coverage is correct and security is being ramped up in Suadi Arabia.
Interestingly, the AP runs with a piece that reads like an obituary.
Update 8/1/05
I noticed that I'm one of a few sites that come up on a search for "King Fahd Dies Video", even though this post is quite dated now. As a service, here is a link to video on the news of King Fahd's death.
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