In the world of House of the Dragon, everything can change in a single episode. Last week, we saw King’s Landing fall (relatively) peacefully to Rhaenyra, and this week, in Episode 3, we see her realize that you should be careful what you wish for. She may have the Iron Throne, but now she has to actually rule and deal with complaining commonfolk, economic issues, and entitled lords.
Most importantly, what was supposed to be her big bargaining chip turns out to be absolutely nothing, and that turns the tide on everything after the latest episode. Here’s where everyone stands after this latest episode.