Start by heating up oil in a small skillet over medium high. Once hot add the onions and jalapeรฑos. Season and stir, then saute for 3-5 mins.
Add the Worcestershire sauce and reduce the heat to medium and let the mixture soften and slightly caramelize for 10 minutes or so. Remove and set aside to cool.
Combine mayo, tomato paste, yellow mustard, hot sauce, hot honey, more seasoning, and then the peppers and onions. Stir to combine and refrigerate for at least 30 mins.