diff --git a/node/events.ts b/node/events.ts
index 92fe7a7042f2..f4b3e0bc590c 100644
--- a/node/events.ts
+++ b/node/events.ts
@@ -393,3 +393,121 @@ export function once(
     }
   });
 }
+
+// eslint-disable-next-line @typescript-eslint/no-explicit-any
+function createIterResult(value: any, done: boolean): IteratorResult<any> {
+  return { value, done };
+}
+
+interface AsyncInterable {
+  // eslint-disable-next-line @typescript-eslint/no-explicit-any
+  next(): Promise<IteratorResult<any, any>>;
+  // eslint-disable-next-line @typescript-eslint/no-explicit-any
+  return(): Promise<IteratorResult<any, any>>;
+  throw(err: Error): void;
+  // eslint-disable-next-line @typescript-eslint/no-explicit-any
+  [Symbol.asyncIterator](): any;
+}
+
+/**
+ * Returns an AsyncIterator that iterates eventName events. It will throw if
+ * the EventEmitter emits 'error'. It removes all listeners when exiting the
+ * loop. The value returned by each iteration is an array composed of the
+ * emitted event arguments.
+ */
+export function on(
+  emitter: EventEmitter,
+  event: string | symbol
+): AsyncInterable {
+  // eslint-disable-next-line @typescript-eslint/no-explicit-any
+  const unconsumedEventValues: any[] = [];
+  const unconsumedPromises = [];
+  let error = null;
+  let finished = false;
+
+  const iterator = {
+    // eslint-disable-next-line @typescript-eslint/no-explicit-any
+    next(): Promise<IteratorResult<any>> {
+      // First, we consume all unread events
+      // eslint-disable-next-line @typescript-eslint/no-explicit-any
+      const value: any = unconsumedEventValues.shift();
+      if (value) {
+        return Promise.resolve(createIterResult(value, false));
+      }
+
+      // Then we error, if an error happened
+      // This happens one time if at all, because after 'error'
+      // we stop listening
+      if (error) {
+        const p: Promise<never> = Promise.reject(error);
+        // Only the first element errors
+        error = null;
+        return p;
+      }
+
+      // If the iterator is finished, resolve to done
+      if (finished) {
+        return Promise.resolve(createIterResult(undefined, true));
+      }
+
+      // Wait until an event happens
+      return new Promise(function(resolve, reject) {
+        unconsumedPromises.push({ resolve, reject });
+      });
+    },
+
+    // eslint-disable-next-line @typescript-eslint/no-explicit-any
+    return(): Promise<IteratorResult<any>> {
+      emitter.removeListener(event, eventHandler);
+      emitter.removeListener("error", errorHandler);
+      finished = true;
+
+      for (const promise of unconsumedPromises) {
+        promise.resolve(createIterResult(undefined, true));
+      }
+
+      return Promise.resolve(createIterResult(undefined, true));
+    },
+
+    throw(err: Error): void {
+      error = err;
+      emitter.removeListener(event, eventHandler);
+      emitter.removeListener("error", errorHandler);
+    },
+
+    // eslint-disable-next-line @typescript-eslint/no-explicit-any
+    [Symbol.asyncIterator](): AsyncIterable<any> {
+      return this;
+    }
+  };
+
+  emitter.on(event, eventHandler);
+  emitter.on("error", errorHandler);
+
+  return iterator;
+
+  // eslint-disable-next-line @typescript-eslint/no-explicit-any
+  function eventHandler(...args: any[]): void {
+    const promise = unconsumedPromises.shift();
+    if (promise) {
+      promise.resolve(createIterResult(args, false));
+    } else {
+      unconsumedEventValues.push(args);
+    }
+  }
+
+  // eslint-disable-next-line @typescript-eslint/no-explicit-any
+  function errorHandler(err: any): void {
+    finished = true;
+
+    const toError = unconsumedPromises.shift();
+    if (toError) {
+      toError.reject(err);
+    } else {
+      // The next time we call next()
+      error = err;
+    }
+
+    iterator.return();
+  }
+}
diff --git a/node/events_test.ts b/node/events_test.ts
index f86265d724d9..c89df298aa9e 100644
--- a/node/events_test.ts
+++ b/node/events_test.ts
@@ -5,7 +5,7 @@ import {
   fail,
   assertThrows
 } from "../testing/asserts.ts";
-import EventEmitter, { WrappedFunction, once } from "./events.ts";
+import EventEmitter, { WrappedFunction, once, on } from "./events.ts";
 
 const shouldNeverBeEmitted: Function = () => {
   fail("Should never be called");
@@ -439,3 +439,183 @@ test({
     assertEquals(events, ["errorMonitor event", "error"]);
   }
 });
+
+test({
+  name: "asyncronous iteration of events are handled as expected",
+  async fn() {
+    const ee = new EventEmitter();
+    setTimeout(() => {
+      ee.emit("foo", "bar");
+      ee.emit("bar", 24);
+      ee.emit("foo", 42);
+    }, 0);
+
+    const iterable = on(ee, "foo");
+
+    const expected = [["bar"], [42]];
+
+    for await (const event of iterable) {
+      const current = expected.shift();
+
+      assertEquals(current, event);
+
+      if (expected.length === 0) {
+        break;
+      }
+    }
+    assertEquals(ee.listenerCount("foo"), 0);
+    assertEquals(ee.listenerCount("error"), 0);
+  }
+});
+
+test({
+  name: "asyncronous error handling of emitted events works as expected",
+  async fn() {
+    const ee = new EventEmitter();
+    const _err = new Error("kaboom");
+    setTimeout(() => {
+      ee.emit("error", _err);
+    }, 0);
+
+    const iterable = on(ee, "foo");
+    let thrown = false;
+
+    try {
+      // eslint-disable-next-line @typescript-eslint/no-unused-vars
+      for await (const event of iterable) {
+        fail("no events should be processed due to the error thrown");
+      }
+    } catch (err) {
+      thrown = true;
+      assertEquals(err, _err);
+    }
+    assertEquals(thrown, true);
+  }
+});
+
+test({
+  name: "error thrown during asyncronous processing of events is handled",
+  async fn() {
+    const ee = new EventEmitter();
+    const _err = new Error("kaboom");
+    setTimeout(() => {
+      ee.emit("foo", 42);
+      ee.emit("error", _err);
+    }, 0);
+
+    const iterable = on(ee, "foo");
+    const expected = [[42]];
+    let thrown = false;
+
+    try {
+      for await (const event of iterable) {
+        const current = expected.shift();
+        assertEquals(current, event);
+      }
+    } catch (err) {
+      thrown = true;
+      assertEquals(err, _err);
+    }
+    assertEquals(thrown, true);
+    assertEquals(ee.listenerCount("foo"), 0);
+    assertEquals(ee.listenerCount("error"), 0);
+  }
+});
+
+test({
+  name:
+    "error thrown in processing loop of asyncronous event prevents processing of additional events",
+  async fn() {
+    const ee = new EventEmitter();
+    const _err = new Error("kaboom");
+
+    setTimeout(() => {
+      ee.emit("foo", 42);
+      ee.emit("foo", 999);
+    }, 0);
+
+    try {
+      for await (const event of on(ee, "foo")) {
+        assertEquals(event, [42]);
+        throw _err;
+      }
+    } catch (err) {
+      assertEquals(err, _err);
+    }
+
+    assertEquals(ee.listenerCount("foo"), 0);
+    assertEquals(ee.listenerCount("error"), 0);
+  }
+});
+
+test({
+  name: "asyncronous iterator next() works as expected",
+  async fn() {
+    const ee = new EventEmitter();
+    const iterable = on(ee, "foo");
+
+    setTimeout(function() {
+      ee.emit("foo", "bar");
+      ee.emit("foo", 42);
+      iterable.return();
+    }, 0);
+
+    const results = await Promise.all([
+      iterable.next(),
+      iterable.next(),
+      iterable.next()
+    ]);
+
+    assertEquals(results, [
+      {
+        value: ["bar"],
+        done: false
+      },
+      {
+        value: [42],
+        done: false
+      },
+      {
+        value: undefined,
+        done: true
+      }
+    ]);
+
+    assertEquals(await iterable.next(), {
+      value: undefined,
+      done: true
+    });
+  }
+});
+
+test({
+  name: "async iterable throw handles various scenarios",
+  async fn() {
+    const ee = new EventEmitter();
+    const iterable = on(ee, "foo");
+
+    setTimeout(() => {
+      ee.emit("foo", "bar");
+      ee.emit("foo", 42); // lost in the queue
+      iterable.throw(_err);
+    }, 0);
+
+    const _err = new Error("kaboom");
+    let thrown = false;
+
+    const expected = [["bar"], [42]];
+
+    try {
+      for await (const event of iterable) {
+        assertEquals(event, expected.shift());
+      }
+    } catch (err) {
+      thrown = true;
+      assertEquals(err, _err);
+    }
+    assertEquals(thrown, true);
+    assertEquals(expected.length, 0);
+    assertEquals(ee.listenerCount("foo"), 0);
+    assertEquals(ee.listenerCount("error"), 0);
+  }
+});