Rinse the jasmine rice under cold water 2-3 times until the water runs clear. This helps to remove excess starch, resulting in fluffier rice.
Halve the chili, remove the seeds, and finely chop it. Use less chili if you prefer a milder flavor.
Pour the water into a medium saucepan, add a pinch of salt, and bring to a boil.
Once the water is boiling, add the rinsed rice and the finely chopped chili. Stir once, then reduce the heat to low, and cover the saucepan.
Cook the rice covered for 12-15 minutes, or until all the water is absorbed. Avoid stirring during cooking.
When the rice is cooked, remove it from the heat and let it stand covered for another 5 minutes to achieve the perfect texture.
Fluff the rice with a fork, then stir in the lime juice, lime zest, and olive oil.
Sprinkle with finely chopped cilantro and serve warm as a side dish or as a standalone dish.
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