Step 1

Make Crispy Fried Shallots: Thinly slice shallots; place in a gallon-size resealable plastic bag. Add flour. Close bag and shake until shallots are well-coated with flour. In a small saucepan, heat vegetable oil over medium heat until hot. Drop shallots, a few at a time, into hot oil and fry until golden brown. Transfer to a paper towel-lined baking pan using a slotted spoon. Season to taste with salt and pepper, and set aside.

Step 2

Trim fat from steaks; let stand at room temperature for 15 minutes. Prepare a charcoal or gas grill for direct cooking over medium-high heat.

Step 3

Rub steaks with olive oil and season to taste. Grill steaks for 10 to 12 minutes for medium-rare (130 degrees) or 12 to 15 minutes for medium (140 degrees), turning once halfway through. Remove steaks from grill and let rest for 10 minutes. Serve topped with Crispy Fried Shallots.