A Microsoft file hosting and synchronization service.
Dear Carina,
Thank you for taking the time to work through both of those steps, and I am sorry neither resolved it.
To answer your question directly: yes, given that other users are reporting the same behavior, a issue in the current OneDrive or Office for Mac version does now look like the most probable explanation. Your testing has effectively ruled out the local causes, which is genuinely useful evidence in itself.
This is precisely why I would encourage escalating it to Microsoft, as I mentioned earlier. A support engineer can confirm whether this is a known regression in the current build, and if it is, your report contributes to getting it prioritised and fixed. It also means you would be notified once a fix ships, rather than having to keep testing blindly. I hope this gets addressed quickly. If you do hear back from support, I would be genuinely interested to know the outcome, as it would help others hitting the same issue.