Finely chop the jalapeño peppers (remove the seeds for a milder glaze) and garlic. Zest one of the lemons, then juice both lemons.
In a medium saucepan, heat the olive oil over medium heat. Add the chopped garlic and jalapeño. Sauté for 1-2 minutes, or until fragrant.
Pour in the balsamic vinegar, lemon juice, and lemon zest. Add the honey. Stir well to combine, and cook for 5-7 minutes, or until the glaze has slightly thickened.
Season with salt and black pepper to taste. For a smoother consistency, use an immersion blender to purée the glaze; otherwise, serve as is.
Let the finished glaze cool slightly, then serve with grilled meats, fish, or vegetables. The glaze can be stored in the refrigerator for up to 3-4 days.
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