Chemical reactions can be identified when there is a change in color, energy is produced, change in odor, or if new substance forms.
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Answer :
is the oxidizing agent and Fe is the reducing agent.
Explanation :
Reducing agent : It is defined as the agent which helps the other substance to reduce and itself gets oxidized. Thus, it will undergo oxidation reaction.
Oxidizing agent : It is defined as the agent which helps the other substance to oxidize and itself gets reduced. Thus, it will undergo reduction reaction.
The balanced redox reaction is :

The half oxidation-reduction reactions are:
Oxidation reaction : 
Reduction reaction : 
In order to balance the electrons, we multiply the oxidation reaction by 4 and reduction reaction by 3 then added both equation, we get the balanced redox reaction.
Oxidation reaction : 
Reduction reaction : 

In this reaction,
is the reducing agent that loses an electron to another chemical species in a redox chemical reaction and itself gets oxidized and
is the oxidizing agent that gain an electron to another chemical species in a redox chemical reaction and itself gets reduced.
Thus,
is the oxidizing agent and Fe is the reducing agent.
Oxygen has 8 electrons. On the outer ring, it has 6 valance electrons. It need 2 more valance electrons to be stable.
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