Read the following chemical equations. Reaction 1: 2KI + H2O2 → 2KOH + I2
Reaction 2: Cl2 + H2 → 2HCl

Which of the following statements is true for both the chemical equations?
A. I is oxidized in reaction 1 and Cl2 is oxidized in reaction 2.
B. I is reduced in reaction 1 and Cl2 is reduced in reaction 2.
C. I is oxidized in reaction 1 and Cl2 is reduced in reaction 2.
D. I is reduced in reaction 1 and Cl2 is oxidized in reaction 2.