Iron is a promising carbon-free renewable energy carrier to replace fossil fuels. However, during a redox cycle, iron may experience deactivation due to structural changes, which can shorten the cycle lifetime. In this work, deactivation of iron particles in terms of changes in reactivity and morphology during the oxidation and reduction process was investigated, under both fixed-bed and suspension conditions. Simple thermal treatment in an inert atmosphere at 1200 °C had no influence on the reactivity of particles towards oxidation, even at long exposure resulting in mild agglomeration. In fixed-bed oxidation at 600 to 1100 °C, solid sintering was found to be rapid and severe at higher temperatures. However, the sintering showed no influence on the reactivity of particles towards H2 under slow-heating conditions in a TGA. In pulverized-fuel combustion in a drop tube reactor, the intensive combustion and heat release led to melting of particles and morphology change from irregular to spherical. As the reactor temperature was increased from 800 to 1200 °C, the particle reactivity in terms of reduction degree (fractional conversion from Fe2O3 to Fe) slightly decreased from 78 % to 72 %, possibly related to a minor loss of surface area. TGA experiments involving successive redox cycles showed a steady decline in reduction reactivity (750 °C, 2.5 % H2), slightly enhanced by agglomeration, while the oxidation degree (950 °C or 1200 °C, 21 % O2) remained constant. The present work indicates that both deactivation and loss of iron due to evaporation may serve to limit the energy release in iron combustion over extended cycles.