In a medium mixing bowl, pour in 1 cup of extra virgin olive oil and 2 tablespoons of balsamic vinegar. Whisk together for about 30 seconds until well combined and slightly emulsified.

Add 2 teaspoons of dried oregano and 2 teaspoons of dried basil to the oil mixture. Stir them in thoroughly for another 20-30 seconds.

Fold in 1 teaspoon of crushed red pepper flakes, 2 cloves of finely chopped garlic, and 1 teaspoon of sea salt. Stir continuously for about 30 seconds to ensure even distribution.

Season the dipping oil with freshly ground black pepper to taste, stirring well after each addition.

Incorporate 1 tablespoon of grated Parmesan cheese into the mixture, stirring until well combined and slightly melted.

Taste your Bread Dipping Oil one last time and adjust seasonings if necessary.

Allow the mixture to sit at room temperature for 15-30 minutes to let flavors meld together.

Give the oil a quick stir and pour it into a shallow dish or bowl when ready to serve.

Optionally garnish with fresh herbs such as parsley or thyme before serving with freshly baked bread.