Connections to `NodePort` and `LoadBalancer` services with `externalTrafficPolicy: Local` fail and timeout on OVNKubernetes

Solution Verified - Updated -

Issue

Connections to NodePort and LoadBalancer type services with externalTrafficPolicy set to Local fail every time with something like:

"Failed to connect to <some-address.example.com> port : Connection timed out"

Environment

Red Hat OpenShift Container Platform 4.10+ with OVN-Kubernetes (Bare Metal and vSphere infrastructures)

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