Italy defies NATO escalation as a European court ruling threatens to cut off Russian gas sooner than expected, affecting Austria’s OMV and potentially devastating Italy’s industrial sector.

In a roundabout sense, all pipeline supplies of Russian gas to Austria and consequently Italy could soon come to an end due to an unclear legal decision. When combined with the ongoing disturbances in the Red Sea, the economic ramifications for the second-biggest industrial hub in Europe may be disast...