Crossword Genius

Dry Fe(III)? (6)

Ross

I believe the answer is:

ironic

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'dry' is the definition.
(I know that dry can be written as ironic)

I don't understand how the remainder of the clue works.

Can you help me to learn more?

(Other definitions for ironic that I've seen before include "Meaning the contrary of what is expressed" , "Dry (of wit)" , "Suggesting the opposite for humorous effect" , "Characterised by mildly sardonic wit" , "Perversely humorous" .)

I've seen this clue in The Independent.
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