Concept:
Chromite refractories contain chromium oxide and iron oxide phases. Certain oxides can cause volume changes during firing or service.
Step 1: Chromite refractories are prepared from chromite mineral.
Step 2: If excess iron oxide is present, it may undergo oxidation-reduction changes at high temperature.
Step 3: These changes may cause volume expansion or internal stress.
Step 4: Due to internal stress, the refractory can crack or burst.
Step 5: Hence, the presence of iron oxide in chromite refractory may lead to bursting.
Therefore, the correct answer is:
\[
\boxed{\text{Iron oxide}}
\]