Easy Instant Pot Chicken and Rice

Ingredients

• 1 tbsp. extra-virgin olive oil
• 1/2 yellow onion, chopped
• 2 cloves garlic, minced
• 1 tsp. dried oregano
• 1 tsp. smoked paprika
• 1 c. white rice
• Kosher salt
• Freshly ground black pepper
• 1 1/4 c. low-sodium chicken broth or water
• 2 medium carrots, diced
• 1 red bell pepper, chopped
• 3 boneless skinless chicken breasts
• Freshly chopped parsley, for garnish