Rinse the rice until the water runs clear, then place it in the Instant Pot with water.
Close the lid, select manual or pressure cook, and set to high pressure for 3 minutes, ensuring the valve is sealed.
Let the pressure naturally release for 10 minutes before doing a quick release.
Fluff the rice with a fork, transfer it to a separate bowl, and set aside.
Press the sauté button on the Instant Pot.
There's no need to clean the pot.
Add oil to the hot pot, followed by garlic and ginger, and cook for 2-3 minutes until the garlic and ginger start to change color.
Add cashews and cook for another minute.
Then, toss in onion, red pepper, and green chili, and cook for 2 minutes.
Push the veggies to the side and pour in soy sauce, vegetarian oyster sauce, and sriracha.
Stir to combine everything.
Add the cooked rice and mix well, seasoning with black pepper and salt.
Turn off the Instant Pot, add the chopped basil and cilantro, and mix until the herbs wilt.
Finally, stir in whole Thai basil leaves.