Water and iron are crucial elements for soybean growth and development, particularly in calcareous soils and arid climatic conditions. The aim of this study was to improve iron and water use efficiency and enhance soybean resilience to water scarcity and iron deficiency. So, the effect of 16 treatments; 4 deficit irrigation water regimes (25, 50, 75 and 100 % crop water requirements (CWR)) combined to 4 foliar iron gradual concentrations (F0=0, F1=1, F2=3 and F3=5 g/L of FeSO4) applied at 3–4 leaves, at the beginning of flowering and at the end of flowering; was investigated in this split plot experiment with 4 replicates. Our results showed that supplying iron and water to plants can improve chlorophyll florescence a, chlorophyll content, stomatal conductance, yield, iron uptake, and protein content. Determining the optimal combination of deficit irrigation treatment and gradual iron sulfate concentrations for soybean is an alternative to save water and improve growth parameters. In our manuscript, we can conclude that 75 % CWR × F2 is the best combination of the two factors that led to the same biological yield as 100 % CWR. Consequently, we can say that applying F2 as a foliar iron concentration led to an economy of 25 % of the soybean crop water requirement by ensuring an adequate supply of soluble iron, facilitating root uptake, promoting protein synthesis, enhancing chlorophyll formation, and supporting overall nutrient uptake and metabolism.