Gather all the ingredients on a clean workspace.
In a bowl, combine the olive oil and balsamic vinegar.
Add the minced garlic to the oil mixture.
Stir in the chopped rosemary and thyme.
Sprinkle in the red pepper flakes and season with salt and pepper.
Mix all the ingredients well until combined.
Let the mixture sit for at least 10 minutes to allow flavors to meld.
Transfer the oil to a serving dish.
Serve with warm, crusty bread for dipping.