01 - Set the oven to 350°F to prepare for roasting.
02 - Pat the beef roast dry, then rub evenly with salt and black pepper.
03 - In a large oven-safe Dutch oven or roasting pan, heat olive oil over medium-high heat and sear the beef on all sides until browned, about 3 to 4 minutes per side.
04 - Remove the beef, add onions and garlic to the pan, and sauté for 2 minutes until fragrant.
05 - Return the beef to the pan, surround with potatoes and carrots, then add thyme, rosemary, and bay leaves.
06 - Pour beef broth and optional red wine over the meat and vegetables evenly.
07 - Cover the pan tightly with a lid or foil and roast in the oven for 60 minutes.
08 - Remove the cover and continue roasting uncovered for an additional 35 to 40 minutes until beef is tender and potatoes are golden.
09 - Let the roast rest for 10 minutes before slicing; serve with potatoes, carrots, and pan juices.