Preheat oven to 350 degrees F. Rub seasonings: salt, garlic powder, thyme, and black pepper on roast. Place Dutch Oven over medium high heat with olive oil and heat. Put roast inside dutch oven or deep pot and sear on both sides, remove from heat.
Add beef broth, Worcestershire, and red cooking wine to bottom of dutch oven. (add carrots and garlic if desired) Place lid on top. Slow cook roast for 3-3.5 hours until easily to shred and fork tender.
Rest for 10 minutes. Move roast to cutting board. Place pot on stovetop over medium heat. Whisk in cornstarch, arrowroot, or flour if desired to make drippings into a gravy to thicken. Slice roast and place on a large plate. Pour gravy over roast.