This article presents the results of comprehensive study on the structure and morphology of iron nanopowders synthesized by electric explosive evaporation of metal wire. The results of scanning and transmission electron microscopy showed that nanoclusters have a spherical shape with an average diameter of 65 nm. It was revealed based on the analysis of the diffraction patterns that nanoparticles of nanopowders obtained in electric explosion have a crystal lattice with a parameter less than a standard cell. The results of computer experiments are in good agreement with the findings of X-ray analysis. However, the question about the reasons of distortion of the crystal lattice of nanoclusters remains controversial.