Trump says the U.S. will open its first new oil refinery in nearly 50 years as the U.S. military avoids bombing Iran's oil infrastructure | Fortune
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Trump says the U.S. will open its first new oil refinery in nearly 50 years as the U.S. military avoids bombing Iran's oil infrastructure | Fortune
"Trump announced on social media on Tuesday that a new oil refinery will open in Brownsville, Texas, and India's Reliance Industries, India's largest privately-held energy company and the operator of the world's biggest refining complex, is in talks to back the project."
"The new refinery could boost U.S energy independence and help keep its status as a net exporter of petroleum. In 2025, the U.S. exported an average 2.2 million barrels per day to about 170 nations, in addition to supplying 60% of domestic demands."
"Strategically, the U.S. has been careful to avoid bombing Iranian oil infrastructure, even as the military struck about 5,000 other targets, including military vessels and weapons factories, The Guardian reported. Significant damage to Iran's infrastructure-namely Kharg Island, through which 90% of Iranian oil exports travel through- would raise climbing oil prices."
The Trump administration is pursuing energy dominance through construction of the first new oil refinery in the United States in nearly 50 years, located in Brownsville, Texas. India's Reliance Industries, operator of the world's largest refining complex, is negotiating to support the project. This initiative responds to soaring crude oil prices reaching $114.38 and mounting pressure from Trump voters concerned about high gas prices. The announcement coincides with ongoing U.S.-Israeli military conflict with Iran, prompting the administration to seek alternatives to Middle Eastern oil supplies. The new refinery could strengthen U.S. energy independence and maintain its status as a net petroleum exporter, currently supplying 60% of domestic demand while exporting 2.2 million barrels daily to approximately 170 nations.
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