Directions
Set the Instant Pot to Sauté mode.
Once hot, add the olive oil and chopped onions.
Sauté for 5 minutes, stirring frequently, until the onions are soft and translucent.
Add the minced garlic and cook for one more minute until fragrant.
Add the ground beef to the pot.
Cook for about 9 minutes, breaking it up with a spatula, until it's browned all over.
Stir in the chili powder, cumin, and oregano to toast the spices for 30 seconds.
Add the Worcestershire sauce, diced tomatoes, tomato paste, green chili, salt, pepper, and bay leaves.
Stir everything together to combine.
Press the Keep Warm/Cancel button to stop the sauté function.
Secure and lock the lid.
Set the steam release valve to Sealing. Select the Meat/Stew function and set the timer for 35 minutes.
Once the cooking cycle is complete, allow the pressure to release naturally. Wait for the float valve to drop completely before carefully opening the lid.
Remove the bay leaves before serving.