Spicy Chipotle Peach BBQ sauce

1/4 C. Peach Balsamic
3/4 C. Peach preserves
2 T. Chipotle EVOO
3 T. catsup
1 t. minced garlic
1 t. brown sugar
1/4 t. Chipotle powder (or more to taste)
1/4 t. liquid smoke

Combine all ingredients in a saucepan and let simmer on low for 15-25 minutes (time depends on how thick your peach preserves are).  The sauce should coat the back of a spoon.  Take off the heat and let cool.  Pour the sauce into a blender and pulse a few times until smooth.  Use during the last few minutes on grilled chicken or other meat.