Cherry Gazpacho With Basil

Name: Cherry Gazpacho With Basil
Ingredients: Two 1-inch-thick slices of white Pullman bread; ½ cup extra-virgin olive oil, plus more for drizzling; 3 garlic cloves, 1 thinly sliced; 1 red bell pepper, coarsely chopped; 1 yellow bell pepper, coarsely chopped; 1 seedless cucumber, peeled and coarsely chopped; 1 pound bing cherries, pitted, 12 cherries finely diced; 3 ounces tomato juice; 1 ½ ounces red wine vinegar; Salt and freshly ground pepper; 1 thyme sprig; Tabasco; 4 basil leaves, torn, for garnish