Instant Pot Beef Bourguignon

Name: Instant Pot Beef Bourguignon
Ingredients: 1 tablespoon oil; 6 slices bacon, roughly chopped; 3 pounds chuck beef, cut into 2-inch pieces; 1 cup red cooking wine may sub chicken broth; 2 cups beef broth; 1/2 cup tomato sauce; 1 beef boullion cube, crushed; 1/4 cup flour; 2 large carrots, cut into 2-inch pieces; 1 white onion, chopped; 1 tablespoon minced garlic; 2 tablespoons fresh thyme, chopped or 3 teaspoons dried thyme; 1 pound baby potatoes; 8 ounces fresh mushrooms, sliced; 1-2 teaspoons salt or to taste; 1/2 teaspoon pepper; chopped parsley for garnish