Step 1: Prepare the Rice

1. Rinse the jasmine rice under cold water until the water runs clear to remove excess starch.
2. Drain and set aside.

Step 2: Caramelize the Onions

1. Heat a large skillet over medium-low heat, add olive oil and 1 tablespoon butter.
2. Add sliced onions, stirring to coat. Cook for 15-20 minutes, stirring occasionally, until golden brown. If onions start sticking, add a splash of water to deglaze.
3. If using, sprinkle sugar to speed up caramelization.
4. Remove half of the onions for garnishing later.

Step 3: Cook the Rice

1. In a medium saucepan, combine rinsed rice, water or broth, salt, black pepper, and garlic powder.
2. Stir in the remaining caramelized onions.
3. Bring to a boil, reduce heat to low, cover, and simmer for 15 minutes.
4. Remove from heat and let sit covered for 5 minutes.

Step 4: Finish with Butter and Serve

1. Fluff the rice with a fork and mix in the remaining tablespoon of butter.
2. Transfer to a serving dish, garnish with reserved caramelized onions and fresh herbs.
3. Serve warm and enjoy!