In the blast furnace, carbon monoxide (CO) is the main reducing agent used to reduce iron(III) oxide (\(Fe_2O_3\)) to iron. The reaction is:
\[
\text{Fe}_2\text{O}_3 (s) + 3\text{CO} (g) \rightarrow 2\text{Fe} (l) + 3\text{CO}_2 (g)
\]
Coke (which is mostly carbon) also plays a role in producing CO in the blast furnace, but the reducing agent itself is CO.
Thus, the correct answer is CO.