US President Donald Trump has announced plans for the first new oil refinery in the United States in almost 50 years, thanking India and Reliance Industries for supporting what he described as a historic $300 billion investment. The refinery is expected to be built at the Port of Brownsville in Texas and is part of a broader initiative aimed at strengthening American energy production and economic growth.

In a post on Truth Social, Trump praised India and Reliance, calling the investment a major milestone for the US energy sector. He said the refinery project would enhance domestic fuel supply, expand exports, and contribute to national security while creating thousands of jobs in South Texas.

The announcement comes at a time of heightened global energy concerns due to the ongoing conflict in the Middle East, which has disrupted oil supply routes, including the strategic Strait of Hormuz. Rising crude oil prices and fears of supply shortages have increased the urgency for countries to strengthen their energy infrastructure.

While Trump described the project as part of a larger $300 billion deal, it remains unclear whether the refinery investment is directly tied to a broader agreement with India. If completed, the project could become one of the largest energy investments in US history and a major step toward America’s renewed focus on energy dominance.