Press SAUTE on the Instant Pot. Add oil, and once it’s hot, add minced garlic, ginger, and Thai chilies. Sauté for 30 seconds or until aromatic.
Next, add the onions and sauté for about 2 minutes until they turn soft.
Add the bell pepper, rinsed jasmine rice, water, and salt. Mix well and deglaze the pot by scraping any food particles sticking to the bottom to avoid a BURN alert.
Close the lid securely on the pot. Set the pot to MANUAL/PRESSURE COOK (High Pressure) and adjust the timer to 4 minutes.When the Instant Pot beeps, allow the pressure to release naturally for 10 minutes, then manually release any remaining pressure. Turn on the SAUTE mode. Push the cooked rice to the side and add soy sauce, sriracha, or red chili sauce. Mix to combine everything thoroughly.
Next, add roasted cashews (optional), cilantro (coriander leaves), Thai basil (roughly torn), black pepper, and salt. Toss everything well until the leaves wilt slightly.
Vegan Thai Basil Fried Rice is ready. Enjoy!