How to Make It
Bring first 6 ingredients and 1/2 cup water to a boil in a medium saucepan over medium-high heat. Reduce heat to medium, and simmer, stirring occasionally, 5 to 10 minutes or until reduced to about 3/4 cup. Stir in peppers, and cook, stirring occasionally, 2 minutes. Remove from heat, and let stand 30 minutes. Stir in thyme. Serve immediately, or refrigerate in an airtight container up to 3 months.