I can also confirm that having Oculus installed but stopping OVRService messes with the game. With it running the main menu loads in about 50 seconds. If the service is stopped the game loads and then at 50 seconds all activity in task manager goes down to 0 and the loading screen is stuck for about 6 minutes.
This has caused issues for me in Phasmophobia as well. Definitely an annoying bug, since I’ve stopped that service because it occasionally prevents Windows from shutting down for me.