MI_RESULT_FAILED Error with Connect-ExchangeOnline running in app only mode

Is there a way to get to the root cause of the MI_RESULT_FAILED error I'm seeing?

Environment: Running in a Docker container: mcr.microsoft.com/azure-powershell:5.9.0-ubuntu-18.04

> $PSVersionTable > > Name Value > ---- ----- > PSVersion 7.1.3 > PSEdition Core > GitCommitId 7.1.3 > OS Linux 5.10.25-linuxkit #1 SMP Tue Mar 23 09:27:39 UTC 2021 > Platform Unix > PSCompatibleVersions {1.0, 2.0, 3.0, 4.0…} > PSRemotingProtocolVersion 2.3 > SerializationVersion 1.1.0.1 > WSManStackVersion 3.0

Error:

> Exception: /root/.local/share/powershell/Modules/ExchangeOnlineManagement/2.0.4/netCore/ExchangeOnlineManagement.psm1:475 > Line | > 475 | … PSSession = New-ExoPSSession -ExchangeEnvironmentName $ExchangeEnviro … > | ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ > | Connecting to remote server outlook.office365.com failed with the following error message : > | MI_RESULT_FAILED For more information, see the about_Remote_Troubleshooting Help topic.

Error Log:

> Version,Organization,ScriptName,ScriptExecutionGuid,CommandName,CommandParams,RecordCount,SentBytesCount,TotalLatencyMs,ErrorLog > v2,,,,Connect-ExchangeOnline,CertificateFilePath;CertificatePassword;AppId;Organization;EnableErrorReporting;LogDirectoryPath;LogLevel,0,0,0,FullyQualifiedErrorId=1PSSessionOpenFailed;CategoryInfo=OpenError: (System.Management.A…tion.RemoteRunspace:RemoteRunspace) [New-PSSession] PSRemotingTransportException;ExceptionType=System.Management.Automation.Remoting.PSRemotingTransportException;ErrorCode=1;TransportMessage=MI_RESULT_FAILED;;ExceptionMessage=System.Management.Automation.Remoting.PSRemotingTransportException: Connecting to remote server outlook.office365.com failed with the following error message : MI_RESULT_FAILED For more information see the about_Remote_Troubleshooting Help topic.\n at Microsoft.Exchange.Management.ExoPowershellSnapin.NewExoPSSession.HandleError(PSDataCollection`1 errors)\n at Microsoft.Exchange.Management.ExoPowershellSnapin.NewExoPSSession.ExecutePsCommand(PSCommand command)\n at Microsoft.Exchange.Management.ExoPowershellSnapin.NewExoPSSession.ProcessNewConnection()\n at Microsoft.Exchange.Management.ExoPowershellSnapin.NewExoPSSession.ProcessRecord()\n at System.Management.Automation.Cmdlet.DoProcessRecord() in /PowerShell/src/System.Management.Automation/engine/cmdlet.cs:line 173\n at System.Management.Automation.CommandProcessor.ProcessRecord() in /PowerShell/src/System.Management.Automation/engine/CommandProcessor.cs:line 388|

Using the same connection parameters with Connect-PnPOnline works fine.