01 - Rinse the rice under cold water until the water runs clear; drain well to remove excess starch.
02 - In a medium saucepan, heat the olive oil over medium heat until shimmering.
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-crisp.
05 - Add the minced garlic and sauté for 30 seconds until fragrant, being careful not to burn.
06 - Stir in the rinsed and drained rice, coating the grains thoroughly with the oil and vegetable mixture.
07 - Pour in the vegetable broth, then add salt, black pepper, dried thyme, and bay leaf. Stir to combine everything evenly.
08 - Bring the mixture to a gentle boil, then cover, reduce heat to low, and simmer for 15–18 minutes until the liquid is absorbed and rice is tender.
09 - Remove from heat and let stand, covered, for 5 minutes to allow the rice to steam evenly. Discard the bay leaf.
10 - Fluff the rice with a fork, garnish with fresh parsley or cilantro, and serve warm.