Heat olive oil in a large pot over medium-high heat. Add half of the beef cubes, season with half of the salt and pepper, and sear for about 5 minutes until browned. Repeat with the remaining beef cubes. Set aside.
Reduce heat to medium-low. Keep the grease in the pot and add diced onion. Sauté for 5 minutes.
Add minced garlic, brown sugar, and Italian seasoning. Sauté for 2-3 minutes until fragrant.
Pour in beef broth, tomato paste, bay leaves, water, and Worcestershire sauce. Return all beef cubes and juices to the pot.
Bring to a boil, cover, and reduce heat to medium-low. Cook covered for 1.5 hours.
Add carrots and potatoes, cover, and continue cooking for another hour or until vegetables reach desired tenderness. Optionally, add Thai chili and green pepper.
Serve hot and relish the comforting flavors of this homemade beef stew.
Enjoy every spoonful of this comforting and flavorful homemade beef stew! 🥄🍲❤️