NOPE Act

The NOPE Act prohibits the sale and delivery of Iranian crude oil and petroleum products by canceling a specific Treasury license and restricting future transactions related to such exports. It requires the President to impose sanctions on Iranian individuals and entities involved in oil extraction, refining, or maritime transportation of petroleum products, including blocking their U.S. assets and revoking their visas. The bill includes exceptions for humanitarian aid, UN-related activities, and national security operations, while also mandating regular reports to Congress on the impact of these restrictions on Iranian oil exports and revenues.