Two new sesquiterpenes, including 7-epi-3-eudesmene-1β,11-diol (1) and (7S,10R)-11-hydroxy-4,5-seco-guai-1-ene-4-one (2); one new natural product (11-hydroxy-1-oxo-4β,5β,7β,10β-eremophilane); (3) and nine known compounds were isolated from the aerial parts of Hyssopus cuspidatus Boriss. Their structures as well as their absolute configurations were elucidated by extensive spectroscopic analyses and quantum chemical calculations. Compounds 1 to 9 were tested to evaluate their inhibitory effects on NO production in LPS-induced RAW264.7 cells. Compounds 5 and 8 exhibited inhibitory effects, with IC50 values of 40.43 and 32.56 μM, respectively, compared to the positive control (i.e., dexamethasone, IC50 = 70.35 μM), and compound 4 exhibited a weaker activity, with an IC50 value of 112.56 μM.