Heat 2 tablespoons olive oil in a 12-inch skillet until hot. Cook and stir round steak in hot oil until brown, about 15 minutes; drain. Add 2 cups water, tomatoes, and spices. Break up tomatoes with fork. Heat to boiling; reduce heat, cover and simmer 1 hour.
Add 2 cups diced potatoes and 2 green peppers. Cover and simmer about 30 minutes.
Serves 4-6