It would like to inform you about this because we found this issue while migrating a J.3 site to J.4, and in J.3 we are using Sourcerer in order to make life easier for front-end editors. They are allowed to use iframes and on J.3 it works perfectly with Sourcerer. Unfortunately, we get an error message in J.4.
After some investigation, it seems to us that the issue is in the Joomla core, not in Sourcerer. However, I thought you might be interested as it also seems break the behaviour of Sourcerer.
I saw Brian's comment and as far as I can see, he did exactly the same as I did. I am surprised to see that he does not have this issue.
Frits
edit: I double checked, trying different user groups and settings (at first I disabled deleting articles and creating new articles, as this is set on the original site where we first encountered this issue). However, the issue remains.