Place the cranberries, sugar and Fustini's balsamic in a small saucepan and bring to a simmer over low heat. Cook until the cranberries have opened (10-12 minutes.) Remove from heat and push through a fine-mesh strainer. Let cool, then refrigerate until ready to use.
Mix the cranberry puree and sparkling water together in a punch bowl. Add the lime juice and stir. Serve in punch glasses with a splash of Fustini's Persian Lime olive oil and cranberry balsamic plus a slice of lime.
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