In a small bowl or jar, combine chili oil, olive oil, rice vinegar, soy sauce, honey, and sesame oil.
Add the minced garlic (if using) and lime juice.
Whisk everything together until well combined. Alternatively, seal the jar and shake vigorously.
Taste and adjust the seasoning with salt, pepper, or more chili oil for extra heat.
Drizzle over your favorite salad, roasted vegetables, or noodles.