01 - Rinse the rice under cold water until the water runs clear; drain well.
02 - In a medium saucepan, heat the olive oil over medium heat.
03 - Add the chopped onion and sauté for 2–3 minutes until softened and translucent.
04 - Stir in the bell peppers and cook for another 3–4 minutes, until just tender.
05 - Add the minced garlic and sauté for 30 seconds until fragrant.
06 - Stir in the rinsed and drained rice, coating the grains with oil and vegetables.
07 - Add the vegetable broth, salt, black pepper, dried thyme, and bay leaf. Stir to combine.
08 - Bring the mixture to a gentle boil, then cover, reduce heat to low, and simmer for 15–18 minutes, or until the liquid is absorbed and the rice is tender.
09 - Remove from heat and let stand, covered, for 5 minutes. Discard the bay leaf.
10 - Fluff the rice with a fork, garnish with fresh parsley or cilantro, and serve warm.