Heat oil in a medium saucepan over medium heat. Add rice and cook, stirring often, until translucent and fragrant, about 2-3 minutes.
Add the tomatoes, chili powder, cumin, salt, and pepper and cook for 1 minute more.
Tip: For a richer flavor, use chicken broth instead of water.
1. Stir in the rice and chicken broth. 2. Bring to a boil, then reduce heat to low. Simmer for 20 minutes, or until the rice is cooked through. 3. Fluff with a fork and serve.