Combine olive oil, red wine vinegar, honey, minced chipotle peppers, adobo sauce, garlic powder, salt, and black pepper in a jar or bowl.
Whisk vigorously for 30 seconds until the honey is fully dissolved and the dressing is emulsified.
Taste and adjust sweetness, smokiness, or tang by adding more honey, chipotle, or vinegar as needed.
Store in an airtight container in the refrigerator for up to 5 days and shake well before each use.
Drizzle over burrito bowls, salads, grilled chicken, or roasted vegetables just before serving.