Rinse the rice under cold water until the water runs clear. Drain well.
Melt the butter with the olive oil in a medium saucepan over medium heat.
Add the diced onion and sauté for 2–3 minutes, until softened and translucent.
Add the garlic and cook for 30 seconds, until fragrant.
Stir in the rice, lemon zest, oregano, thyme, and bay leaf. Cook for 2 minutes, stirring frequently to lightly toast the rice.
Add the water, lemon juice, salt, and black pepper. Bring to a boil.
Reduce the heat to low, cover, and simmer for 18–20 minutes, or until the rice is tender and the liquid has been absorbed.
Remove from the heat and let the rice rest, covered, for 5 minutes.
Remove and discard the bay leaf. Fluff the rice with a fork and gently stir in the fresh parsley.
Serve warm.
Notes
Long-grain white rice works best, but basmati or jasmine rice can also be used.Adjust the lemon juice and zest to taste for a stronger or milder lemon flavor.Refrigerate leftovers in an airtight container for up to 5 days.