Trump announces new US oil refinery backed by India's Reliance Industries

President Donald Trump announced that the United States will get its first new oil refinery in 50 years, backed by a major investment from India's Reliance Industries. The deal, which Trump described as historic, involves a reported $300 billion commitment from the Indian conglomerate. The announcement marks a shift in Reliance's relationship with Trump, moving from a previous adversarial stance to a cooperative partnership on this project.