Humic substances (HS) are important iron chelators responsible for the transport of iron from freshwater systems to the open sea, where iron is essential for marine organisms. Evidence suggests that iron complexed to HS comprises the bulk of the iron ligand pool in near‐coastal waters and shelf seas. River‐derived HS have been investigated to study their transport to, and dwell in oceanic waters. A library of iron model compounds and river‐derived Fe‐HS samples were probed in a combined X‐ray absorption spectroscopy (XAS) and valence‐to‐core X‐ray emission spectroscopy (VtC‐XES) study at the Fe K‐edge. The analyses performed revealed that iron complexation in HS samples is only dependent on oxygen‐containing HS functional groups, such as carboxyl and phenol. The photoreduction mechanism of FeIII‐HS in oceanic conditions into bioavailable aquatic FeII forms, highlights the importance of river‐derived HS as an iron source for marine organisms. Consequently, such mechanisms are a vital component of the upper‐ocean iron biogeochemistry cycle.