In a large skillet, heat olive oil over medium-high heat. Cook onion and green pepper until tender-crisp. Stir in tomatoes, undrained beans, thyme, and garlic. Cook 3 minutes. Add vinegar and hot pepper sauce. Continue to cook 5 minutes.
Serve with rice. Garnish with lime wedges, if desired.
Notes
You can substitute yellow rice in place of white rice if you prefer.