Issue
When you parse a Youtube link in your WordPress post, WP_embed automatically converts the link to a playable media on the front end. Due to recent changes by Google’s new policy, the embeded player might be unable to play the video properly. The error reads:

Solution
Paste the following code on the second line.
function fix_wpembed_YT_153_error( $cached_html, $url, $attr, $post_id ) {
// Ensure that the embed comes from a trusted provider like YouTube.
if ( strpos( $url, 'youtube.com' ) !== false || strpos( $url, 'youtu.be' ) !== false ) {
// Use a regular expression to find the iframe tag.
$regex = '/<iframe(.*?)>/is';
// Check if an iframe exists in the HTML.
if ( preg_match( $regex, $cached_html, $iframe_match ) ) {
$iframe_attributes = $iframe_match[1];
$new_attributes = ' referrerPolicy="strict-origin-when-cross-origin"';
$old_iframe_tag = $iframe_match[0];
$new_iframe_tag = str_replace('<iframe', "<iframe" . $new_attributes, $old_iframe_tag);
$cached_html = str_replace( $old_iframe_tag, $new_iframe_tag, $cached_html );
}
}
return $cached_html;
}
add_filter( 'embed_oembed_html', 'fix_wpembed_YT_153_error', 10, 4 );

Save and Finish. Your video should play properly like this one now. Let us know if it fixes for you. Thanks!