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Boil peaches, sugar and water until the peaches are softened. Remove from heat and allow to cool.
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Boil water for tea and add the tea bags and allow to steep for 5 minutes. Remove tea bags and allow to cool.
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Puree the syrup and pour in a jar. Add the tea and refrigerate.
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Serve cold over ice and or peaches. You add basil leaves if you prefer.