On September 5, 1972, terrorists from the "Black September" organization break into the residence of the Israeli athletes at the Munich Olympics, murdering two and holding nine hostages. The German government fails in its rescue operation, and all the hostages are murdered. The Israeli government, headed by Golda Meir, decides to eliminate all members of the "Black September" organization who were involved in the attack.

A Mossad source infiltrates Black September but is exposed, endangering the Mossad team. Salame and Abu-Iyad plan a terror attack in Rome. Mossad tries to assassinate their arms dealer, but Zamir cancels to avoid collateral damage.