Seems like the issue is now resolved but Microsoft handling of these types of outages is outragous. Seems like the outage was for more than 3 hours. I saw the message appear for a few minutes on the service outage screen but is no longer there. Completely unacceptable support. We needs proactive alerting, information througout and full RCA on these types of incidents. I look forward to someone from MS replying to this post.
There was change on support page for status of outage saying "No issues currently", but the problem still persisted. Now, the status is again changed to "...may experience issues...". Seems ambiguous and not very helful.