The iodine value (iodine number) is an important analytical characteristic of fats and oils. Leading pharmacopeias determine it using iodine monobromide (Hanus method). We used methyl oleate as a simple analog of unsaturated triacylglycerols to identify the products. After performing the reaction in deuterated solvents under pharmacopeial conditions, NMR spectroscopy revealed the presence of the 9, 10-diiodo, 9, 10-dibromo, and 9, 10-bromoiodo adducts, leaving no educt olefin. The prescribed subsequent addition of potassium iodide led to the formation of methyl 9, 10-diiodo and bromoiodo stearate in equal amounts.