Vertical distributions of iron (Fe) concentrations and isotopes were determined in the total dissolvable and dissolved pools in the water column at three coastal stations located along the Peruvian margin, in the core of the Oxygen Minimum Zone (OMZ). The shallowest station 121 (161 m total water depth) was characterized by lithogenic input from the continental plateau, yielding concentrations as high as 456 nM in the total dissolvable pool. At the 2 other stations (stations 122 and 123), Fe concentrations of dissolved and total dissolvable pools exhibited maxima in both surface and deep layers. Fe isotopic composition (δ56Fe) showed a fractionation toward lighter values for both physical pools throughout the water column for all stations with minimum values observed for the surface layer (between -0.64 and -0.97 ‰ at 10 - 20 m depth) and deep layer (between -0.03 to -1.25 ‰ at 160 - 300 m depth). An Fe isotope budget was established to determine the isotopic composition of the particulate pool. We observed a range of δ56Fe values for particulate Fe from + 0.02 to -0.87 ‰, with lightest values obtained at water depth above 50 m. Such light values in the both particulate and dissolved pools suggest sources other than atmospheric dust deposition in the surface ocean, including lateral transport of isotopically light Fe. Samples collected at station 122 closest to the sediment show the lightest isotope composition in the dissolved and the particulate pools (-1.25 and -0.53 ‰ respectively) and high Fe(II) concentrations (14.2 ± 2.1 nM) consistent with a major reductive benthic Fe sources that is transferred to the ocean water column. A simple isotopic model is proposed to link the extent of Fe(II) oxidation and the Fe isotope composition of both particulate and dissolved Fe pools. This study demonstrates that Fe isotopic composition in OMZ regions is not only affected by the relative contribution of reductive and non-reductive shelf sediment input but also by seawater-column processes during the transport and oxidation of Fe from the source region to open seawater.