This bill, titled the "No Oil Profiteering to Enrich Iran Act" or "NOPE Act," seeks to immediately revoke Iran-related General License U, which permitted the delivery and sale of specific Iranian crude oil and petroleum products. Upon enactment, this license would have no force or effect, and the Secretary of Treasury would be prohibited from authorizing any future transactions related to the sale, delivery, or offloading of Iranian crude oil or petroleum products. Furthermore, the legislation mandates the President to impose sanctions within 30 days on any Iranian person involved in oil and gas extraction, refinement, production, or maritime transportation of these products. These sanctions include asset blocking and restrictions on visas, making individuals inadmissible to the United States and revoking existing visas. Exceptions are provided for humanitarian assistance, compliance with international obligations, and U.S. intelligence or national security activities. Finally, the bill requires the Secretary of State to submit reports every 60 days for three years, starting 30 days after enactment, to relevant congressional committees. These reports must analyze the impact of the Strait of Hormuz closure and General License U on the volume and sale price of Iranian oil exports, the revenue earned by the Iranian government, and Iranian oil production levels.