In a small, heavy-bottomed pot, combine the rice, water, 1 teaspoon of oil, and salt. Bring the mixture to a boil over high heat. Allow it to cook until most of the water has evaporated.
Once the water is just level with the surface of the rice, reduce the heat to low, cover the pot with a tight-fitting lid, and let it simmer for about 20 minutes. This gentle cooking process ensures the rice absorbs all the flavors and becomes fluffy.
Turn off the heat and keep the pot covered for an additional 5 minutes. This resting time allows the steam to finish cooking the rice evenly.
In a medium-sized mixing bowl, combine the cooked rice, chopped cilantro, lime juice, and the remaining vegetable oil. Toss thoroughly to ensure the flavors are evenly distributed, and the rice is fragrant and vibrant. Serve immediately for the best flavor and texture.