“It’s a known issue that Microsoft relies on a Geolocation API that sometimes incorrectly maps IPs and locations, we’ll report this to related team to correct this.
Per my experience, once the related team has identified the issue and make the modification, it will take at least 48 hours, but often closer to 5 days, meanwhile I’ll keep you posted about the latest progress.”
Whitelist the IP in Conditional Access Policy via Exclude ( Can take 40 minutes to apply group Policy )