Add 1 tbsp of the loose tea to each of the tea bags. Boil the water to 160° F. Pour the hot water into a 1/2 gallon mason jar. Add the tea bags and cover with a lid or cloth. Allow to steep for 10 minutes.
Remove the tea bags. Next, stir in the honey. Add in fresh or frozen sliced peaches. Set aside to cool to room temperature or chill in the fridge.
(Optional) Place 4-5 peach slices and a couple of tablespoons of basil into two serving glasses. Muddle the peaches and basil, then fill the glasses with ice.
Pour the tea in a clear glass (visually, it's pretty to look at). Use the remaining peach slices and/or basil for garnish if desired!