In a saucepan, over medium heat, heat 2 tablespoons of olive oil and add minced garlic and minced shallots. Cook until softened, stirring, about 1 to 2 minutes. Add the rosemary and thyme and stir for another 1 minute until fragrant.
Add the red wine, 2 cups of the beef broth, and the Worcestershire sauce, and bring to a boil. Then, reduce to a simmer, and cook uncovered until reduced by half, about 20 minutes. Add 1 ½ teaspoons of sugar or to taste.
Dissolve 3 teaspoons of flour with the remaining ¼ cup of beef broth, and add it to the sauce. Simmer, stirring, for a few minutes until thickened. Taste it and season with salt, pepper, and more sugar if desired. Strain it into a bowl to remove the herbs, garlic, and shallots. Set aside.