Hi Atharva Jadhav - Thanks for reaching out over Q&A Forum.
Changing the access level on the networking, might result into Auth failure if the IP hitting the storage account isn't whitelisted.
SPN is the authorization, which shall come into picture at a later part after it is successful on the networking part.
I would recommend, verifying the I{'s that are hitting the storage. Based on that, add the IP's or the range/subnet from the source to ensure there are no hiccups. Below are the links to review at first:
https://learn.microsoft.com/en-us/azure/storage/blobs/monitor-blob-storage?tabs=azure-portal
Please let us know if you have any further queries. I’m happy to assist you further.
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