BUY Reliance Industries shares after ‘historic $300 billion deal’ with US? Anil Singhvi shares trading strategy

Donald Trump on Wednesday announced what he described as a “historic” $300 billion investment to build the first new oil refinery in the United States in 50 years. The refinery is planned at the Port of Brownsville and will be backed by investment from Reliance Industries.

Trump made the announcement through a post on the social media platform Truth Social. He said the project represents a major step in the country’s push to expand domestic energy production and strengthen the US energy sector.

“America is returning to real energy dominance. Today I am proud to announce that America First Refining is opening the first new US oil refinery in 50 years in Brownsville, Texas,” Trump wrote.

He described the project as the “biggest deal in US history” and said it would support American workers, boost energy output and bring economic growth to South Texas. Trump also thanked Indian partners for their role in the investment.

“Thank you to our partners in India, and their largest privately held energy company, Reliance, for this tremendous investment,” he added.

Project expected to boost energy output and exports

According to Trump, the refinery will play a key role in strengthening US energy security. He said the facility will increase fuel supply for domestic markets and also support global exports of refined petroleum products.

The project is also expected to generate thousands of jobs in South Texas and deliver billions of dollars in economic impact for the region. Trump further claimed the refinery could become “the cleanest refinery in the world”.

He added that the investment reflects the impact of his administration’s economic and industrial policies.

“It is because of our America First agenda, streamlining permits and lowering taxes, that have attracted billions of dollars in deals coming back to our nation,” Trump said.

Announcement comes amid geopolitical tensions

The announcement comes at a time when global energy markets remain volatile due to rising geopolitical tensions in the Middle East.

The situation escalated after the reported killing of Iran’s Supreme Leader Ali Khamenei in joint US-Israel strikes on February 28. In response, Iran launched attacks on Israeli and US-linked targets across several Gulf countries.

The conflict has also affected shipping activity through the Strait of Hormuz, a key global oil transit route through which nearly 20 per cent of the world’s crude supply moves. Any disruption in this corridor typically raises concerns about supply shortages and price volatility in global energy markets.

Amid concerns over rising fuel prices, White House spokesperson Karoline Leavitt said the recent increase in oil and gas prices would likely be temporary.

She said once the national security objectives of the US military operation, referred to as Operation Epic Fury, are achieved, energy prices could fall in the longer term.

Reliance Industries shares trade flat

Shares of Reliance Industries were trading almost flat in early trade on Wednesday following the announcement.

At around 9:40 AM, the stock was trading at Rs 1,406.90, down Rs 1.90 or 0.13 per cent for the day.

Anil Singhvi’s trading strategy on Reliance Industries

Anil Singhvi recommended buying Reliance Industries futures at Rs 1,414.

He suggested the following trading levels:

Buy: Rs 1,414

Targets: Rs 1,435, Rs 1,450, Rs 1,480

Stop loss: Rs 1,400