Trump announces 'historic' $300 billion oil refinery in Texas with Reliance backing amid West Asia conflict

President Donald Trump on Tuesday (local time) announced that the opening of the first new US oil refinery in 50 years in Brownsville, Texas, with the investment help from India's Reliance Industries Ltd. Announcing the 'historic' $300 billion dollar deal on his social media platform Truth Social, Trump thanked energy giant Reliance Industries for the 'tremendous' investment.

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