GameObjects with higher Render Queue values are being reflected on GameObjects with lower Render Queue values

How to reproduce:
1. Open the “IN-99906_repro“ project
2. Open the “SampleScene“
3. Enter Play Mode and observe the “IceSphere“ GameObject

Expected result: “CubeRed“ and “CubeBlue“ GameObjects are not reflected on it
Actual result: “CubeRed“ and “CubeBlue“ GameObjects are reflected on it

Reproducible with: 2021.3.52f1, 2022.3.63f1, 6000.0.50f1, 6000.1.6f1, 6000.2.0b4

Reproducible on: Windows 11
Not reproducible on: No other environment tested

Notes:

• The issue is not reproducible when Frame Debugger is enabled
• Sometimes, when using the Inspector window, the GameView flickers between the actual and expected result