Combine water, yeast, and honey in a large bowl; stand 5 minutes until foamy.
Stir in flour, salt, and oil until shaggy dough forms.
Knead on floured surface 8-10 minutes until smooth and elastic; place in greased bowl, cover, and rise 1 hour until doubled.
Punch down; shape round or oval loaf on parchment-lined baking sheet.
Brush generously with egg wash; sprinkle sesame seeds over entire top, pressing gently to adhere.
Rise another 30 minutes; bake at 375°F for 30-35 minutes until golden brown and hollow-sounding when bottom tapped.