Blend all ingredients in a blender for 15 to 20 seconds, except for the bell peppers, jalapeno peppers and cornstarch mixture. Place all ingredients including bell peppers and minced jalapeno peppers in a small saucepan and heat on medium-low. Allow to simmer for 20 minutes, stirring occasionally. Stir in the cornstarch mixture after twenty minutes. Let the sauce simmer for ten minutes on low heat until it thickens. Let cool on a plate. The mixture will have a consistency similar to steak sauce. Keep the mixture in a sealed container in the fridge. This sauce makes a great dip sauce for hot wings and hamburgers.