Instant Pot Spaghetti & Meatballs

Ingredients

• 1 egg
• ½ cup breadcrumbs
• 2 tablespoons milk
• 2 tablespoons chopped parsley
• 1 ½ teaspoons Italian seasoning
• ½ teaspoon garlic powder
• ½ teaspoon salt
• ½ teaspoon black pepper
• 1 pound 85% lean ground beef
• 1 tablespoon olive oil
• 1 pound spaghetti (broken in half)
• 1 (24-ounce) jar marinara sauce
• 3 cups water
• Freshly grated Parmesan cheese (for serving)
• Fresh Basil (for serving)