Organic soils in the Arctic−boreal region produce small aquatic humic ligands (SAHLs), a category of naturally occurring complexing agents for iron. Every year, large amounts of SAHLsloaded with iron mobilized in river basinsreach the oceans via river runoff. Recent studies have shown that a fraction of SAHLs belong to the group of strong iron-binding ligands in the ocean. That means, their Fe(III) complexes withstand dissociation even under the conditions of extremely high dilution in the open ocean. Fe(III)-loaded SAHLs are prone to UV-photoinduced ligand-to-metal charge-transfer which leads to disintegration of the complex and, as a consequence, to enhanced concentrations of bioavailable dissolved Fe(II) in sunlit upper water layers. On the other hand, in water depths below the penetration depth of UV, the Fe(III)-loaded SAHLs are fairly resistant to degradation which makes them ideally suited as long-lived molecular transport vehicles for river-derived iron in ocean currents. At locations where SAHLs are present in excess, they can bind to iron originating from various sources. For example, SAHLs were proposed to contribute substantially to the stabilization of hydrothermal iron in deep North Atlantic waters. Recent discoveries have shown that SAHLs, supplied by the Arctic Great Rivers, greatly improve dissolved iron concentrations in the Arctic Ocean and the North Atlantic Ocean. In these regions, SAHLs play a critical role in relieving iron limitation of phytoplankton, thereby supporting the oceanic sink for anthropogenic CO 2 . The present Critical Review describes the most recent findings and highlights future research directions.