In a saucepan, take orange juice, orange peel, lemon peel, cloves, cinnamon, nutmeg, star anise and sugar. Heat till it boils.
Continue boiling till the liquid reduces and thickens.
Then, add red wine and honey. Simmer for 5 minutes. Don't let the wine boil.
Add Brandy, if you would like. Start with ¼ cup of brandy. Increase the brandy content as per your preference after tasting it. Simmer for another 2-3 minutes.
Strain and serve warm with cloves-studded orange slices, cranberries and a cinnamon stick.
Notes
If using a dry wine, you may need to add more sugar / honey.
For non-alcoholic mulled wine, you can use grape juice or apple juice instead of wine, and skip adding brandy.
Leftover mulled wine can be stored in the fridge for 3 to 5 days. Simmer in a saucepan on low flame before serving.
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