01 - Preheat the oven to 340°F.
02 - Pat the beef dry with paper towels and rub with olive oil, salt, pepper, thyme, and rosemary.
03 - Heat a large oven-proof Dutch oven over medium-high heat. Sear the roast on all sides until browned, about 2–3 minutes per side.
04 - Remove the roast and set aside. Add onions, carrots, parsnips, celery, and garlic to the pot; sauté for 4–5 minutes until lightly browned.
05 - Return the beef to the pot, nestling it among the vegetables.
06 - Pour in the beef broth and red wine (if using). Add bay leaves.
07 - Cover and transfer to the oven. Roast for 90 minutes, or until the beef is tender and reaches an internal temperature of 145°F for medium-rare, or longer for more well-done.
08 - Remove from oven, let rest for 10 minutes before slicing. Serve the beef with the roasted vegetables and pan juices.