1: Combine all the ingredients in a heavy saucepan and bring to a boil over medium heat.  Reduce the heat to medium-low and gently simmer the sauce, uncovered, until thick and richly flavored, 15 to 20 minutes. Correct the seasoning, adding additional salt, pepper, sriracha, or sugar, as desired.   Let the sauce cool to room temperature for serving.   Store in clean jars away from heat or light. Store in a covered container in the refrigerator for up to a week.