The peace treaty signed between the Ottoman Empire and the Republic of Venice marked a decisive end to the Ottoman–Venetian War, which had been ongoing since 1570. The war was primarily fought over control of Cyprus, a crucial island in the eastern Mediterranean that offered strategic advantages for trade and military operations. This conflict featured notable confrontations, including the Siege of Famagusta, which lasted from 1570 to 1571 and featured fierce resistance from Venetian forces under the command of Marco Antonio Bragadin. The eventual fall of Famagusta to the Ottomans was a pivotal moment in the conflict.

Negotiations for peace began following the significant losses suffered by Venice and the need for both parties to stabilize their respective territories. The treaty recognized Ottoman sovereignty over Cyprus, a significant blow to Venice’s territorial ambitions and naval power in the Mediterranean. The Ottomans, under Sultan Selim II, sought to expand their influence further into European territories, while the Venetian Republic aimed to maintain its trade routes and political stature despite the setbacks.

The treaty not only intended to halt hostilities but also established a new status quo in the region. With Cyprus securely in Ottoman hands, the empire solidified its control over maritime routes, impacting trade dynamics for years to come. Furthermore, the peace allowed both empires to channel their resources towards other fronts, ultimately shaping the geopolitical landscape of the Mediterranean for decades. The treaty laid the foundation for a prolonged period of Ottoman dominance and laid the groundwork for future conflicts in the region.