Trump announces new US oil refinery with investment from India's Reliance

Donald Trump announced a deal for what he called a 'historic' new oil refinery in the United States. He said it would be the first new major refinery built in the country in about 50 years and would involve a $300 billion investment from India's Reliance Industries, a company led by billionaire Mukesh Ambani.

Reliance itself has not publicly confirmed the deal or commented on Trump's announcement. Following the news, the company's stock price showed a mixed reaction in trading.