Iron copper zeolite (Fe-Cu-ZSM-5) with aqueous hydrogen peroxide is active for the selective oxidation of methane to methanol. Iron is involved in the activation of the carbon–hydrogen bond, while copper allows methanol to form as the major product. The catalyst is stable, re-usable and activates methane giving >90 % methanol selectivity and 10 % conversion in a closed catalytic cycle (see scheme).