To identify the correct series of reactions representing the chemical relations related to iron and its compounds, let us examine each option in detail:
On reviewing the reactions, option 4 correctly depicts the chemical relations related to iron and its compounds, which involve the successive conversion of iron to oxides and eventual reduction back to metallic iron:
Fe \rightarrow[O_2, \text{heat}] Fe_3O_4 \rightarrow[CO, 600^{\circ}C] FeO \rightarrow[CO, 700^{\circ}C] Fe.