Elasticsearch operator is not working while deploying for specific namespace. EO - 5.4

Issue - Kibana pods is not scaling up while deploying elasticsearch operator for a specific namespace.

Errors in elasticsearch Operator 5.4:

~~~
{"_ts":"2022-06-20T17:14:18.610236923Z","_level":"0","_component":"elasticsearch-operator_controller_kibana-controller","_message":"Reconciler error","_error":{"cause":{"cause":{"ErrStatus":{"metadata":{},"status":"Failure","message":"ImageStream.image.openshift.io \"oauth-proxy\" not found","reason":"NotFound","details":{"name":"oauth-proxy","group":"image.openshift.io","kind":"ImageStream"},"code":404}},"msg":"failed to get ImageStream","name":"oauth-proxy","namespace":"openshift"},"msg":"Failed to get oauth-proxy image"},"name":"kibana","namespace":"openshift-logging"}
~~~ 

Pod:

~~~

$ oc get pods
NAME                                           READY   STATUS      RESTARTS   AGE
cluster-logging-operator-dc999b6b8-4wxqv       1/1     Running     0          20h
collector-88tng                                2/2     Running     0          20h
collector-h458f                                2/2     Running     0          20h
collector-p99tf                                2/2     Running     0          20h
collector-ss542                                2/2     Running     0          20h
collector-v2cbp                                2/2     Running     0          20h
collector-xdcm2                                2/2     Running     0          20h
elasticsearch-cdm-q8417jsw-1-795f6866b-8c26k   2/2     Running     0          20h
elasticsearch-im-app-27596940-vvzzz            0/1     Completed   0          3m39s
elasticsearch-im-audit-27596940-44b4f          0/1     Completed   0          3m39s
elasticsearch-im-infra-27596940-g8nq9          0/1     Completed   0          3m39s
elasticsearch-operator-79df445b44-s6hxd        2/2     Running     0          20h

~~~

In the same way, when we deploy EO 5.3 all pods are scaling up without any issue:

~~~

$ oc get pods
NAME                                            READY   STATUS    RESTARTS   AGE
cluster-logging-operator-6cdcf7df5f-96v5t       1/1     Running   0          3m5s
collector-78v24                                 2/2     Running   0          103s
collector-88b99                                 2/2     Running   0          2m7s
collector-fnpg2                                 2/2     Running   0          112s
collector-gdgsk                                 2/2     Running   0          74s
collector-hj9nj                                 2/2     Running   0          87s
collector-wsqh7                                 2/2     Running   0          61s
elasticsearch-cdm-jsmds3wv-1-79c7ccc69d-s8kkg   2/2     Running   0          2m47s
elasticsearch-operator-78d5f6d868-nv4rm         2/2     Running   0          4m5s
kibana-74b6cbbfd4-kh592                         2/2     Running   0          2m47s
[quicklab@upi-0 ~]$ oc get csv
NAME                           DISPLAY                            VERSION   REPLACES   PHASE
cluster-logging.5.3.8          Red Hat OpenShift Logging          5.3.8                Succeeded
elasticsearch-operator.5.3.8   OpenShift Elasticsearch Operator   5.3.8                Succeeded

~~~

Reproducible - Everytime