Place the oil in the Instant Pot and select “Sauté”. Then add the beef and cook for about 4-5 minutes.
With a slotted spoon, transfer the beef into a bowl.
In the pot, add the onion and cook for about 2-3 minutes, stirring occasionally.
Add the garlic and jalapeños peppers and cook for about 2 minutes, stirring occasionally.
Press “Cancel” and stir in the cooked beef and remaining ingredients.
Secure the lid and turn to “Seal” position.
Cook on “Manual” with “High Pressure” for about 10 minutes.
Press “Cancel” and allow a natural release for about 15 minutes and then, do a quick release.
Remove the lid and serve hot with the topping of scallion