In a large pot, brown and crumble 1 lb ground beef over medium-high heat until it’s fully cooked. Drain any excess grease.
Add ½ cup diced yellow onion and 2 minced garlic cloves to the pot, cooking for another 2 minutes until the onion softens.
Now stir in 2 tsp Italian seasoning, 1 tsp onion powder, ½ tsp salt, and ½ tsp black pepper. Then toss in the chopped russet potato and 2 cups chopped carrots. Cook everything for 1 minute, stirring to coat.
Add 1 (14 oz) can of fire-roasted diced tomatoes (with juices) and 2 Tbsp tomato paste, stirring everything together.
Pour in 2 cups beef broth, 1 Tbsp Worcestershire sauce, ½ tsp granulated sugar, and drop in 1 bay leaf. Stir to combine, then cover the pot and let it simmer for 20 minutes.
After 20 minutes, add ¾ cup frozen peas and cook for an additional 5 minutes. Remove the bay leaf, give everything a final stir, and you’re ready to serve!