President Trump announces Reliance investment to build American oil refinery

Iran Herald · March 10, 2026 Sanctions

Washington DC [US], March 11 (ANI): US President Donald Trump on Tuesday (local time) announced the opening of a new oil refinery in 50 years with the investment help from India's Reliance Industries Ltd. In a post on Truth Social, Trump said that the new refinery would fuel American markets and strengthen national security, along with boosting energy production.