Libyan ruler Muammar al-Gaddafi might soon flee from his country. Events are moving fast in Libya – the opposition rebels are taking over more and more cities close to Tripoli, a new government has been formed and recognized, and Gaddafi’s family might be left with only one friend: Robert Mugabe of Zimbabwe, that allegedly sent mercenaries to aid the Libyan ruler. Will this crisis end? A new government has been formed in Benghazi – a former justice minister has declared himself prime minister. While there isn’t certainty that this is indeed an interim government of just the “face of the revolution” – US Secretary of State Hillary Clinton was quick to recognize this new government and to offer any assistance needed. More an more defections have been reported from Gaddafi’s former supporters. Zawiyah, close to Tripoli, has been taken over by the rebels. This was a scene of bloody battles in recent days, but now it’s under control of the opposition. After the eastern province has been secured by the opposition, they are also closing in on the Western province and closing in on the capital Tripoli – Gaddafi’s last stronghold. The end is near. There are reports that the Zimbabwean army is helping Gaddafi in Libya. Officials in Zimbabwe have refused to comment on the situation and it seems that Gaddafi is on his way to Harare: “Gaddafi’s own private plane is loaded with gold bullion and lots of hard currency, mainly dollars, and is preparing to flee to Zimbabwe to stay there with his friend Robert Mugabe. We think this could happen very shortly because the (UN) Security Council is threatening to impose a no-fly zone and we think that Gaddafi will try to escape before this no-fly zone is imposed,” Guma el-Gamaty said. Gaddafi’s hours are short, and also NATO might fight him in Libya. If so, he’ll have to meet Mugabe earlier than expected. If the Libyan civil war is decisively won by the opposition and Gaddafi indeed flees to Zimbabwe, this will lower the fear about the supply of oil from Libya and will contribute to pushing oil prices lower and sending the US dollar back up. Also the Swiss franc and Japanese yen, that have gained from the turmoil in Libya will lose their hot air. But it’s important to remember that the Mideast troubles are far from over – Saudi Arabian protests have begun. If the uprising reached Saudi Arabia, oil will skyrocket. Saudi Arabia is a huge producer of oil. Global growth will be seriously endangered. For updates and analysis on oil prices, see Trading Energy. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex Bits share Read Next China GDP Growth Target Lowered to 7% Yohay Elam 11 years Libyan ruler Muammar al-Gaddafi might soon flee from his country. Events are moving fast in Libya - the opposition rebels are taking over more and more cities close to Tripoli, a new government has been formed and recognized, and Gaddafi's family might be left with only one friend: Robert Mugabe of Zimbabwe, that allegedly sent mercenaries to aid the Libyan ruler. Will this crisis end? A new government has been formed in Benghazi - a former justice minister has declared himself prime minister. While there isn't certainty that this is indeed an interim government of just the "face of the… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.