Add all ingredients except water to a blender or food processor. Blend on high speed until the oil and lime juice are emulsified into a smooth mixture. The cilantro, garlic, and jalapeño should be very finely diced.
Taste dressing. You can use as it is, or if you prefer a thinner consistency, add a bit of water and blend again. (I usually use it without water as a salad dressing, and with water as a marinade.)
Enjoy! Dressing will keep well tightly covered in the fridge for up to 1 week. Give it a good shake and add a quick squeeze of fresh lime juice right before using again.
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Notes
To make creamy cilantro lime dressing, add 1/2 of a ripe avocado or 1/4 cup plain Greek yogurt to the mixture.