Updated from earlier Wednesday

NEW YORK (

TheStreet

) -- Moammar Gadhafi's foreign minister said the Libyan strongman's grip on power is finished, a report said on Wednesday.

Foreign Minister Abdul Ati al-Obeidi told British broadcaster

Channel 4

that it appeared Gadhafi had exhausted all his options and that his rule "was over."

Local residents greet advancing rebel fighters on the outskirts of Tripoli on Monday

Al-Obeidi said that it was unlikely the Libyan leader would safely exit the country: "Now I'm not in touch with anybody, so it looks like things have passed this kind of solution."

Channel 4

said Al-Obeidi's comments came after Gadhafi delivered a speech late Tuesday.

The foreign minister said in the interview that he was not concerned for his own safety because he said the rebels have a good idea about him.

Gadhafi was heard from Wednesday, a day after anti-government rebels stormed through the Libyan strongman's compound.

Ghadafi had been silent since Sunday, but on Wednesday he said he left his compound in a "tactical move" and he vowed to continue the fight against rebels who have all but ended his 42-year reign over Libya. His whereabouts remain unknown.

In an excerpt broadcast by Al-Rai TV, a Libyan television channel, Gadhafi said his forces would face "the aggression with all strength," and wouldn't give up until they have either achieved victory or been killed,

The Associated Press

reported.

On Tuesday,

rebel fighters took control of Ghadafi's compound, taking guns and other supplies from the fortress.

The leader of Libya's National Transition Council Mustafa Abdul Jalil said Wednesday the council would move its headquarters to Tripoli from the eastern city of Benghazi.

He added, however, that Libya wouldn't be considered as liberated until Gadhafi is captured,

The Wall Street Journal

reported, citing France 24's Arabic channel.

Jalil speculated Ghadafi may be in Algeria.

-- Written by Joseph Woelfel and Joe Deaux

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Joseph Woelfel

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