Watch Reykjavik for Free: How to Stream the Movie Online at 123Movies. . At the most dangerous point of the Cold War, political enemies Ronald Reagan and Mikhail Gorbachev meet in Iceland over one long, tense weekend to decide if there will be peace or war. They sit across from each other, choosing to unclench their fists and instead extend their hands — a triumph of overcoming fear, differences, egos, and consequences.