Initial reports are coming out of Qatar about an attempt by a military group to overthrow the current ruling elite led by Emir Sheikh Hamad bin Khalifa Al Thani. It currently seems that the coup d’etat failed, although other reports say that gunfights are still raging in the palace. Instability in one of the usually stable oil producing countries could send oil prices higher, and trigger fresh worries. Qatar is home to to Al Jazeera, perhaps the most influential news outlet in the Middle East, that had a significant role in reporting about the Arab Spring in Middle Eastern and North African countries. During last year’s uprising, there was talk about a day of rage also in Qatar, perhaps ignited by Iranian agents. Eventually nothing happened. There is also talk that the leaders were flown to hiding by US forces. FARS News Agency (FNA) reports: Yet, Qatari officials confirmed lethal clashes between the Royal Guard Forces and a number of military troopers and personnel, the sources added. The limited news reports released by some local and Arab media earlier this week said that the Qatari Emir succeeded over the past weekend to foil a coup attempt against him. They added some 30 senior army officers were detained while some others were put under house arrest. It seems that Qatar wishes to hide what is happening concerning the power struggle within the royal family and as the Arab world is still engulfed by the “Arab Spring” that began last year. These reports join the already high tensions in the Persian Gulf around Iran. The large oil producing country is undergoing sanctions due to its nuclear program, and military action by the US and Israel is on the agenda for a long time. Further reading: 5 Reasons Why Israel Will Not Attack Iran – But if It Will, How will Currencies React? 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 News Today: Daily Trading News share Read Next EUR/USD April 17 Euro higher, but Spanish Concerns Linger Kenny Fisher 11 years Initial reports are coming out of Qatar about an attempt by a military group to overthrow the current ruling elite led by Emir Sheikh Hamad bin Khalifa Al Thani. It currently seems that the coup d'etat failed, although other reports say that gunfights are still raging in the palace. Instability in one of the usually stable oil producing countries could send oil prices higher, and trigger fresh worries. Qatar is home to to Al Jazeera, perhaps the most influential news outlet in the Middle East, that had a significant role in reporting about the Arab Spring in Middle Eastern… Regulated 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.