The NOPE Act nullifies a license authorizing Iranian oil sales and mandates reports on the Strait of Hormuz's impact on Iranian oil.
The NOPE Act, or No Oil Profiteering to Enrich Iran Act, nullifies Iran-related General License U, which authorized the sale of Iranian crude oil and petroleum products loaded on vessels as of March 20, 2026. It also mandates the Secretary of State to submit reports every 60 days for three years on the impact of the Strait of Hormuz's closure on Iranian oil, including export volumes, sale prices, and production levels.
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- Legal Framework
- Critical Issues
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