Episode 3 of Iron Reign kicks off with Victor immersed in nostalgic reflections of his prison days, a realm where violence was not just a means of survival but a constant companion amidst a sea of ruthless criminals. Upon his return to the bustling port, news of Joaquin's misfortune stuns him—an accident that nearly claimed his life, yet miraculously, Joaquin still clings to life's thread. Rushed to the hospital, Joaquin's rescue ignites a flurry of concern among Rocio, Nestor, and Roman, who race to his bedside. Roman's futile attempts to reach Ricardo only add to the mounting tension.
Flaco, who had encountered Victor's prowess in prison—single-handedly vanquishing four of his men—joins forces with the former inmate to unravel the truth behind Joaquin's near-fatal encounter. They suspect Joaquin's presence in the port was no coincidence, but a premeditated meeting gone awry. The discovery that the surveillance camera overlooking the scene had been dormant for days hints at a sinister plot. Delving deeper into the footage, they uncover a chilling conspiracy—an attempted murder meticulously orchestrated against Joaquin.
Meanwhile, Lucia, Ariel, and the enigmatic Frenchman, cognizant of Joaquin's precarious state, maintain a steadfast stance, refusing to budge on delivery deadlines. The Frenchman, swift in action, reaches out to Javier, tasking him with laundering a staggering $50 million within a tight timeframe. Javier's contact, though willing, demands a hefty fee for the risky endeavor.
Flaco, determined to prevent further harm to Joaquin, elects to remain at the hospital, a sentinel guarding against any lurking threats. When Nestor seeks Flaco's oversight for the upcoming delivery, Flaco tactfully redirects the responsibility to Victor, a bond shared between the three men smoothing the transition. Unbeknownst to them all, Joaquin's true identity as an undercover operative, working in tandem with a prosecutor to dismantle Joaquin's criminal empire, lurks in the shadows.
As the Mexicans converge on the designated delivery site, they find the Frenchman and his men already in position, awaiting their arrival. Nestor, Roman, and Victor follow suit, the shipment in tow. But the mood shifts dramatically when the Mexicans discover a swapped container, its contents—the drugs—nowhere to be found. The prosecutor's swift order for the police to retreat escalates into chaos as one of the men alerts the authorities, triggering a violent shootout. The cops, outnumbered and outgunned, fall swiftly. As the Mexicans and the Frenchman flee the warehouse, they leave Nestor and Roman with a dire warning: rectify the mistake, or face the dire consequences.
