In a large saute pan, heat oil over medium-high heat.
Add the onion, bell pepper, garlic, and jalapeno. Cook and stir for about 4 minutes until the onion is translucent but not brown.
Stir in undrained tomatoes and coconut milk. Bring to a boil, reduce heat. Simmer, uncovered, 10 minutes, stirring occasionally.
Stir in shrimp, lime juice, salt and cilantro. Return to boiling; reduce heat. Simmer, uncovered, for 5 minutes or until shrimp turn opaque, stirring occasionally.
Serve over hot cooked rice. Pass hot pepper sauce, if desired.