Uniform iron oxide nanoparticles with a cubic shape were prepared by the decomposition of homemade iron oleate in 1-octadecene with the presence of oleic acid. The particle shape and size uniformity are sensitive to the quantity of oleic acid. XRD, HRTEM and SAED results indicated that the main phase content of as-prepared iron oxide nanoparticles is FeO with an inverse spinel structure. Magnetic measurements revealed that the as-prepared iron oxide nanoparticles display a ferromagnetic behavior with a blocking temperature of 295 K. At low temperatures the magnetic anisotropy of the aligned nanoparticles caused the appearance of a hysteresis loop. © 2014 Elsevier B.V. All rights reserved.