The relationship between iron status, obesity and type 2 diabetes mellitus (T2DM) has scarcely been tested. This study hypothesizes that patients with obesity and T2DM have altered iron metabolism. 537 T2DM patients were selected from the cross-sectional DICARIVA study excluding patients with high-sensitivity-C-reactive-protein (hs-CRP)≥ 10mg/L. Three groups according to body mass index (BMI) and waist perimeter (WP) were analysed: a) BMI<30kg/m2, non-high WP (n=105); b) BMI<30kg/m2, high WP (n=202); and c) diabesity, BMI≥ 30kg/m2, high WP (n=230). Group differences on cardiometabolic and iron status markers were tested. Women had significantly lower iron, ferritin, and transferrin saturation (TSAT) but higher transferrin and total iron binding capacity than men. Triglycerides/HDL-c ratio, as insulin-resistance (IR) marker, was higher in men while hs-CRP in women. TSAT was inversely related to BMI and hs-CRP. The diabesity group showed the highest hs-CRP (p<0.001) and IR (p<0.001) with the lowest TSAT (p=0.003). Low TSAT was highly prevalent in diabesity, mainly in women, suggesting that IR, inflammation, and abdominal adiposity alter iron transport and accumulation. The convenience of iron supplementation in diabesity patients with low TSAT should be urgently assessed, due the pro-oxidant effects of excess iron.