This bill would impose a federal excise tax on crude oil profits and use the revenues to provide rebates to individual taxpayers. The tax applies to oil companies and importers that extract or import more than 100,000 barrels daily, and would be levied on crude oil prices exceeding $75 per barrel, adjusted annually for inflation. The tax would remain in effect until the President declares that hostilities with Iran have ended, the Strait of Hormuz is fully reopened, and oil prices drop below $75 per barrel. Revenues collected from the tax would be deposited into a new Iran War Gasoline Price Relief Fund and distributed as quarterly rebates to eligible U.S. individuals, with the IRS determining rebate amounts based on fund revenues and the number of eligible recipients. The legislation would take effect for oil extracted or imported after the bill's enactment, with rebates beginning in taxable years starting after December 31, 2025.