Preservation of organic carbon (OC) in marine and terrestrial deposits is enhanced by bonding with reactive iron (FeR) phases. The association of OC with FeR (OC-FeR) provides physical protection and hinders microbiological degradation. Roughly 20% of all OC stored in unconsolidated marine sediments and 40% of all OC present in Quaternary terrestrial deposits is preserved as OC-FeR, but this value varies from 10 to 80% across depositional environments. In this work, we provide a new assessment of global OC-FeR burial rates in both marine and terrestrial environments, using published estimates of the fraction of OC associated with FeR, carbon burial, and probabilistic modelling. We estimate the marine OC-FeR sink at between 31 – 70 Mt C yr-1 (mean 52 Mt C yr-1), and the terrestrial OC-FeR sink at between 171 - 946 Mt C yr-1 (mean 472 Mt C yr-1). In marine environments, continental shelves (mean 17 Mt C yr-1) and deltaic/estuarine environments (mean 11 Mg C yr-1) are the primary locations of OC-FeR burial. On land, croplands (279 Mt C yr-1) and grasslands (121 Mt C yr-1) dominate the OC-FeR burial budget. Changes in the Earth system through geological time likely alter the OC-FeR pools, particularly in marine locations. For example, periods of intense explosive volcanism may lead to increased net OC-FeR burial in marine sediments. Our work highlights the importance of OC-FeR in marine carbon burial and demonstrates how OC-FeR burial rates may be an order of magnitude greater in terrestrial environments, those potentially most sensitive to anthropogenic impacts.