Black Beans and Rice

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1/4 cup olive oil

2 onions, finely chopped

2 green bell peppers, chopped

3 garlic cloves, chopped

4 bay leaves

1 tablespoon ground cumin

2 cups long-grain white rice

4 (14-ounce) cans black beans, drained and rinsed

2 (14-ounce) cans diced tomatoes with green chiles drained

2 cups water

1/4 cup apple cider vinegar

Kosher salt and freshly ground black pepper