Bleaching of red rock beds by hydrocarbons can provide valuable insights for hydrocarbon migration and reservoir transformation. This study investigated the bleaching effects of hydrocarbons on various rock types in the Dushanzi mud volcanic area. Bedrock and bleached samples of different lithologies, including mudstone, sandy mudstone and sandstone, were systematically collected and analyzed for their iron species, mineralogical and chemical compositions using Mössbauer spectroscopy, X-ray diffraction and X-ray fluorescence, respectively. The results indicate that the iron species of the studied samples were dominated by para-Fe3+ (from 44% to 76%), with variable contents of mag-Fe3+, para-Fe2+ and pyr-Fe2+. When compared to the related unbleached rocks, the bleached rocks exhibited a higher proportion of reduced Fe (para-Fe2+ and pyr-Fe2+). The pyr-Fe2+ in the sandstones and sandy mudstones was significantly higher than that of the mudstone interlayers. The observed variations in iron species were consistent with changes in mineralogical and chemical compositions, which can be correlated with the petrological properties of rocks. The increase of quartz and decrease of feldspar and carbonates in the bleached rocks could be attributed to the dissolution of feldspar and the subsequent secondary enlargement of quartz. Geofluids containing crude oils and natural gases preferentially dissolved K-feldspar over albite. The bleached rocks had a significant decrease in the proportion of kaolinite and a slight decrease in the proportion of chlorite, while the proportions of smectite and illite were increased. The dissolution of K-feldspar could provide sufficient K+ for the formation of illite, and the appearance of smectite in the bleached samples might be related to the dissolution of albite in an alkaline environment. The dissolution of carbonates and feldspar, along with the transformation of clay minerals, had a notable positive effect on the formation of secondary porosity, facilitating hydrocarbon migration. These findings provide valuable insights into the interactions between hydrocarbons and different lithologies, informing the impact of hydrocarbon migration on reservoir reconstruction in similar geological settings.