Otto Hightower has arrived on Dragonstone with peace terms, and he looks to treat with Rhaenyra, who arrives on her dragon much as she did back in episode two. Flying around Otto and his ensemble, she lands behind them and gives them all a good scare.
Otto continues to call Rhaenyra "Princess" and gives his terms, which are less than favorable to her. She calls Otto and his men traitors, but he reminds her that every symbol of legitimacy belongs to Aegon. The other major houses like Stark, Tully, and Baratheon are also considering terms from them.
The odds seem to be stacked against them for the moment. Rhaenyra rips the symbol of the Hand of the King off his chest and calls him a traitor again, just for good measure. Rhaenyra is given a page from a book she ripped from Alicent's book in episode one, which she has held onto. It seems as if Alicent held out hope that their friendship may still be mended. Rhaenyra says Otto and the Greens will have her answer tomorrow.
At the next meeting of the Blacks' war council, Rhaenya reaffirms a desire for peace and to not turn the entire Realm to the torch via Dragonfire. Daemon seems hellbent on going to war and not even entertaining any notions of negotiations with the Hightowers, but Rhaenyra wants to exercise all options.
Rhaenyra brings up the fact that getting her on the throne is not just about her ruling; the Song of Ice and Fire (Aegon's prophecy) is what's most important. Daemon looks at her, confused, unsure of what she means, but before she gets a chance to elaborate, Daemon grabs her by the throat.
He believes Viserys was a "slave" to the omens put forth by his ancestors, "anything to give his feckless reign some purpose," he says. "Dreams didn't make us kings. Dragons did." Daemon lets her go, which is when she realizes that Viserys never told her of the prophecy. She laughs at him, and he leaves her.
At Driftmark, Corlys awakens with Rhaenys sitting at his bedside. He tries to joke with her, but she immediately shuts him down, scolding him for leaving her behind following the deaths of their children. She tells him that Vaemond is dead, causing him to finally realize that this quest for personal ambition is fruitless. "Heedless ambition has always been a Velaryon weakness," he says. He admits Rhaenys was right and that they should declare for no one and retire to sit out the coming war.
Rhaenys, who always seems to be the most competent person in the room, tells him there will be neutral parties. Rhaenys admires that Rhaenyra is the only person still choosing peace and that she is someone worth following.
They head back to Dragonstone, with Corlys and Rhaenys meeting with Rhaenyra and the rest of the Blacks. Corlys asks about Daemon and likely wants to ask him a few questions about the fact that Daemon killed his brother. As he is nowhere to be found, they continue with more pressing matters and address the elephant in the room.
Corlys, Rhaenys, and the Velaryons declare for Rhaenyra, offering her their fleet and the forces at their command. He tells her that the Triarchy has been routed in the Stepstones, and a garrison has been placed there. Essentially, they control the Stepstones now, and he who controls the Stepstones controls the Narrow Sea.
An effective blockade of King's Landing can now be created, with the Velaryon fleet patrolling the sea and Dragons guarding the skies. However, Rhaenyra reiterates that the first stroke of war will not come by her hand, and she still looks to garner the support of the Starks, Arryns, and Baratheons.
Rather than send slower ravens, Jace volunteers himself and Luke to ride to these houses via their dragons. Rhaenyra agrees, and Jace will go to the Starks and Arryns while Luke heads to deal with the Baratheons.
As she sees them off, she makes sure they remember that they head out as messengers, not as warriors. They must not start any fighting, simply treat with the leaders of the Houses.
Luke is clearly nervous, and Rhaenyra comforts him by saying that Borros Baratheon will be honored to host a prince of the Realm.
Surely nothing could go wrong!