Cut the beef roast into large chunks. Season with salt and pepper.
Turn the Instant Pot to sauté mode and heat the oil. Sear the beef in batches until browned. Remove and set aside.
Turn off sauté mode. Add broth, vinegar, lime juice, chipotle peppers, adobo sauce, garlic, cumin, oregano, salt, pepper, and cloves. Stir to combine.
Return beef to the pot and add bay leaves. Close the lid and seal.
Cook on high pressure for 60 minutes. Allow a natural release for 15 minutes, then quick release remaining pressure.
Remove bay leaves. Shred the beef with two forks and return to the juices in the pot.
Serve in tacos, burritos, bowls, or over rice.