Place the stainless steel inner pot inside the Instant Pot®. Press Saute, add olive oil, onion and garlic. Then add the tomatoes, bell pepper and basil. Sauté.
Add the salt, Latin spice blend (garlic powder, oregano, black pepper, cilantro, cumin), oregano and coconut milk or coconut cream.
Close and lock the Instant Pot® lid. Make sure the steam release handle is turned to Sealing. Press Pressure Cook, pressure level High, and set the time to 7 Minutes.
Release steam and process.
Serve hot, can be paired with an Instant Vortex-grilled cheese sandwich.