diff --git a/io/iterate_reader.ts b/io/iterate_reader.ts
new file mode 100644
index 000000000000..d9d370127405
--- /dev/null
+++ b/io/iterate_reader.ts
@@ -0,0 +1,104 @@
+// Copyright 2018-2024 the Deno authors. All rights reserved. MIT license.
+// This module is browser compatible.
+
+import { DEFAULT_BUFFER_SIZE } from "./_constants.ts";
+import type { Reader, ReaderSync } from "./types.ts";
+
+export type { Reader, ReaderSync };
+
+/**
+ * Turns a {@linkcode Reader} into an async iterator.
+ *
+ * @example
+ * ```ts
+ * import { iterateReader } from "https://deno.land/std@$STD_VERSION/io/iterate_reader.ts";
+ *
+ * using file = await Deno.open("/etc/passwd");
+ * for await (const chunk of iterateReader(file)) {
+ *   console.log(chunk);
+ * }
+ * ```
+ *
+ * Second argument can be used to tune size of a buffer.
+ * Default size of the buffer is 32kB.
+ *
+ * @example
+ * ```ts
+ * import { iterateReader } from "https://deno.land/std@$STD_VERSION/io/iterate_reader.ts";
+ *
+ * using file = await Deno.open("/etc/passwd");
+ * const iter = iterateReader(file, {
+ *   bufSize: 1024 * 1024
+ * });
+ * for await (const chunk of iter) {
+ *   console.log(chunk);
+ * }
+ * ```
+ */
+export async function* iterateReader(
+  reader: Reader,
+  options?: {
+    bufSize?: number;
+  },
+): AsyncIterableIterator<Uint8Array> {
+  const bufSize = options?.bufSize ?? DEFAULT_BUFFER_SIZE;
+  const b = new Uint8Array(bufSize);
+  while (true) {
+    const result = await reader.read(b);
+    if (result === null) {
+      break;
+    }
+
+    yield b.slice(0, result);
+  }
+}
+
+/**
+ * Turns a {@linkcode ReaderSync} into an iterator.
+ *
+ * ```ts
+ * import { iterateReaderSync } from "https://deno.land/std@$STD_VERSION/io/iterate_reader.ts";
+ *
+ * using file = Deno.openSync("/etc/passwd");
+ * for (const chunk of iterateReaderSync(file)) {
+ *   console.log(chunk);
+ * }
+ * ```
+ *
+ * Second argument can be used to tune size of a buffer.
+ * Default size of the buffer is 32kB.
+ *
+ * ```ts
+ * import { iterateReaderSync } from "https://deno.land/std@$STD_VERSION/io/iterate_reader.ts";
+
+ * using file = await Deno.open("/etc/passwd");
+ * const iter = iterateReaderSync(file, {
+ *   bufSize: 1024 * 1024
+ * });
+ * for (const chunk of iter) {
+ *   console.log(chunk);
+ * }
+ * ```
+ *
+ * Iterator uses an internal buffer of fixed size for efficiency; it returns
+ * a view on that buffer on each iteration. It is therefore caller's
+ * responsibility to copy contents of the buffer if needed; otherwise the
+ * next iteration will overwrite contents of previously returned chunk.
+ */
+export function* iterateReaderSync(
+  reader: ReaderSync,
+  options?: {
+    bufSize?: number;
+  },
+): IterableIterator<Uint8Array> {
+  const bufSize = options?.bufSize ?? DEFAULT_BUFFER_SIZE;
+  const b = new Uint8Array(bufSize);
+  while (true) {
+    const result = reader.readSync(b);
+    if (result === null) {
+      break;
+    }
+
+    yield b.slice(0, result);
+  }
+}
diff --git a/io/iterate_reader_test.ts b/io/iterate_reader_test.ts
new file mode 100644
index 000000000000..b2adea11051b
--- /dev/null
+++ b/io/iterate_reader_test.ts
@@ -0,0 +1,111 @@
+import { assertEquals } from "../assert/assert_equals.ts";
+// Copyright 2018-2024 the Deno authors. All rights reserved. MIT license.
+
+import { iterateReader, iterateReaderSync } from "./iterate_reader.ts";
+import { readerFromIterable } from "../streams/reader_from_iterable.ts";
+import { delay } from "../async/delay.ts";
+import type { Reader, ReaderSync } from "./types.ts";
+
+Deno.test("iterateReader()", async () => {
+  // ref: https://github.com/denoland/deno/issues/2330
+  const encoder = new TextEncoder();
+
+  class TestReader implements Reader {
+    #offset = 0;
+    #buf: Uint8Array;
+
+    constructor(s: string) {
+      this.#buf = new Uint8Array(encoder.encode(s));
+    }
+
+    read(p: Uint8Array): Promise<number | null> {
+      const n = Math.min(p.byteLength, this.#buf.byteLength - this.#offset);
+      p.set(this.#buf.slice(this.#offset, this.#offset + n));
+      this.#offset += n;
+
+      if (n === 0) {
+        return Promise.resolve(null);
+      }
+
+      return Promise.resolve(n);
+    }
+  }
+
+  const reader = new TestReader("hello world!");
+
+  let totalSize = 0;
+  await Array.fromAsync(
+    iterateReader(reader),
+    (buf) => totalSize += buf.byteLength,
+  );
+
+  assertEquals(totalSize, 12);
+});
+
+Deno.test("iterateReader() works with slow consumer", async () => {
+  const a = new Uint8Array([97]);
+  const b = new Uint8Array([98]);
+  const iter = iterateReader(readerFromIterable([a, b]));
+  const promises = [];
+  for await (const bytes of iter) {
+    promises.push(delay(10).then(() => bytes));
+  }
+  assertEquals([a, b], await Promise.all(promises));
+});
+
+Deno.test("iterateReaderSync()", () => {
+  // ref: https://github.com/denoland/deno/issues/2330
+  const encoder = new TextEncoder();
+
+  class TestReader implements ReaderSync {
+    #offset = 0;
+    #buf: Uint8Array;
+
+    constructor(s: string) {
+      this.#buf = new Uint8Array(encoder.encode(s));
+    }
+
+    readSync(p: Uint8Array): number | null {
+      const n = Math.min(p.byteLength, this.#buf.byteLength - this.#offset);
+      p.set(this.#buf.slice(this.#offset, this.#offset + n));
+      this.#offset += n;
+
+      if (n === 0) {
+        return null;
+      }
+
+      return n;
+    }
+  }
+
+  const reader = new TestReader("hello world!");
+
+  let totalSize = 0;
+  for (const buf of iterateReaderSync(reader)) {
+    totalSize += buf.byteLength;
+  }
+
+  assertEquals(totalSize, 12);
+});
+
+Deno.test("iterateReaderSync() works with slow consumer", async () => {
+  const a = new Uint8Array([97]);
+  const b = new Uint8Array([98]);
+  const data = [a, b];
+  const readerSync = {
+    readSync(u8: Uint8Array) {
+      const bytes = data.shift();
+      if (bytes) {
+        u8.set(bytes);
+        return bytes.length;
+      }
+      return null;
+    },
+  };
+  const iter = iterateReaderSync(readerSync);
+  const promises = [];
+  for (const bytes of iter) {
+    promises.push(delay(10).then(() => bytes));
+  }
+  assertEquals([a, b], await Promise.all(promises));
+});
diff --git a/io/mod.ts b/io/mod.ts
index 393a7856f16a..56750e0df945 100644
--- a/io/mod.ts
+++ b/io/mod.ts
@@ -14,6 +14,7 @@ export * from "./buf_writer.ts";
 export * from "./buffer.ts";
 export * from "./copy.ts";
 export * from "./copy_n.ts";
+export * from "./iterate_reader.ts";
 export * from "./limited_reader.ts";
 export * from "./multi_reader.ts";
 export * from "./read_all.ts";
diff --git a/io/types.ts b/io/types.ts
index 5bf45f057bf5..5e0fac6eae93 100644
--- a/io/types.ts
+++ b/io/types.ts
@@ -24,8 +24,9 @@ export interface Reader {
    *
    * Implementations should not retain a reference to `p`.
    *
-   * Use iterateReader() from https://deno.land/std@$STD_VERSION/streams/iterate_reader.ts to turn a Reader into an
-   * AsyncIterator.
+   * Use
+   * {@linkcode https://deno.land/std@$STD_VERSION/io/to_iterator.ts?s=toIterator}
+   * to turn a {@linkcode Reader} into an {@linkcode AsyncIterableIterator}.
    */
   read(p: Uint8Array): Promise<number | null>;
 }
@@ -52,8 +53,9 @@ export interface ReaderSync {
    *
    * Implementations should not retain a reference to `p`.
    *
-   * Use iterateReaderSync() from https://deno.land/std@$STD_VERSION/streams/iterate_reader.ts to turn a ReaderSync
-   * into an Iterator.
+   * Use
+   * {@linkcode https://deno.land/std@$STD_VERSION/io/to_iterator.ts?s=toIteratorSync}
+   * to turn a {@linkcode ReaderSync} into an {@linkcode IterableIterator}.
    */
   readSync(p: Uint8Array): number | null;
 }
diff --git a/streams/iterate_reader.ts b/streams/iterate_reader.ts
index 131f95fdbd84..2057ce0dbdf3 100644
--- a/streams/iterate_reader.ts
+++ b/streams/iterate_reader.ts
@@ -1,7 +1,10 @@
 // Copyright 2018-2024 the Deno authors. All rights reserved. MIT license.
 // This module is browser compatible.
 
-import { DEFAULT_BUFFER_SIZE } from "./_common.ts";
+import {
+  iterateReader as _iterateReader,
+  iterateReaderSync as _iterateReaderSync,
+} from "../io/iterate_reader.ts";
 import type { Reader, ReaderSync } from "../io/types.ts";
 
 export type { Reader, ReaderSync };
@@ -35,24 +38,15 @@ export type { Reader, ReaderSync };
  * }
  * ```
  *
- * @deprecated (will be removed after 1.0.0) Use {@linkcode ReadableStreamDefaultReader} instead.
+ * @deprecated (will be removed in 1.0.0) Import from {@link https://deno.land/std/io/iterate_reader.ts} instead.
  */
-export async function* iterateReader(
+export function iterateReader(
   r: Reader,
   options?: {
     bufSize?: number;
   },
 ): AsyncIterableIterator<Uint8Array> {
-  const bufSize = options?.bufSize ?? DEFAULT_BUFFER_SIZE;
-  const b = new Uint8Array(bufSize);
-  while (true) {
-    const result = await r.read(b);
-    if (result === null) {
-      break;
-    }
-
-    yield b.slice(0, result);
-  }
+  return _iterateReader(r, options);
 }
 
 /**
@@ -87,22 +81,13 @@ export async function* iterateReader(
  * responsibility to copy contents of the buffer if needed; otherwise the
  * next iteration will overwrite contents of previously returned chunk.
  *
- * @deprecated (will be removed after 1.0.0) Use {@linkcode ReadableStream} instead.
+ * @deprecated (will be removed in 1.0.0) Import from {@link https://deno.land/std/io/iterate_reader.ts} instead.
  */
-export function* iterateReaderSync(
+export function iterateReaderSync(
   r: ReaderSync,
   options?: {
     bufSize?: number;
   },
 ): IterableIterator<Uint8Array> {
-  const bufSize = options?.bufSize ?? DEFAULT_BUFFER_SIZE;
-  const b = new Uint8Array(bufSize);
-  while (true) {
-    const result = r.readSync(b);
-    if (result === null) {
-      break;
-    }
-
-    yield b.slice(0, result);
-  }
+  return _iterateReaderSync(r, options);
 }