Add the minced garlic and cook for 1 minute until fragrant. Press Cancel.
Add the crushed tomatoes, drained roasted red peppers, vegetable broth, basil, oregano, salt, and pepper to the inner pot. Stir briefly to combine.
Secure the lid and set the vent to Sealing. Select Manual or Pressure Cook on High for 10 minutes.
When the cooking time finishes, allow a Natural Pressure Release (NPR) for 10 minutes, then carefully move the valve to Venting to release any remaining pressure.
Open the lid. Use an immersion blender directly in the pot to blend the soup until completely smooth and creamy. Alternatively, carefully transfer the soup in batches to a standard blender and blend until smooth, then return to the pot.
Stir in the heavy cream (or coconut milk) and sugar, if using. Taste and adjust seasoning if needed. Serve hot.