Polycyclic aromatic hydrocarbons (PAHs) are a group of organic pollutants known for their persistence and potential carcinogenicity. Effective removal techniques are required since their presence in wastewater poses serious threats to human health and the environment. In this review study, iron oxide nanomaterials (IONs), a by-product of mining operations, recovered from acid mine water are used to investigate the adsorption of PAHs from wastewater. The mechanisms of PAH adsorption onto IONs are investigated, with a focus on the effects of concentration, temperature, and pH on adsorption efficiency. The better performance, affordability, and reusable nature of IONs are demonstrated by comparative studies with alternative adsorbents such as activated carbon. Economic and environmental ramifications highlight the benefits of employing recovered materials, while case studies and real-world applications show how effective IONs are in removing PAHs in the real world. This review concludes by discussing potential future developments in synthesis processes, areas for more research, and emerging trends in nanomaterial-based adsorption. This research intends to contribute to the development of more effective and sustainable wastewater treatment technologies by offering a thorough assessment of the present and future potential of employing IONs for PAH removal from wastewater.