Step 1

First, combine all seasonings in a small bowl.

Step 2

Pat steaks dry with paper towels. Rub seasonings all over both sides of steaks.

Step 3

Press sauté on Instant Pot. Add olive oil to pot.

Step 4

Once oil is hot, place steaks in pot. Sear for 1 to 2 minutes on each side.

Step 5

Press cancel. Use tongs to remove steak from pot onto plate.

Step 6

Pour 1 cup water down into pot and scrape bottom of pot with wooden spoon to deglaze it.

Step 7

Place trivet inside pot. Place steaks on top of trivet.

Step 8

Secure lid and turn vent to sealing. Pressure cook on high for 12 minutes for medium rare, up to 18 minutes for well done.

Step 9

When timer goes off, carefully turn valve to venting and manually release pressure.

Step 10

Finally, carefully remove steaks from pot. Allow steaks to rest for 5 minutes before slicing into to lock in those juices.