diff --git a/src/md4c-html.c b/src/md4c-html.c
index 9662cfd2..590078d8 100644
--- a/src/md4c-html.c
+++ b/src/md4c-html.c
@@ -577,7 +577,16 @@ text_callback(MD_TEXTTYPE type, const MD_CHAR* text, MD_SIZE size, void* userdat
                                         : " "));
                                 break;
         case MD_TEXT_SOFTBR:    RENDER_VERBATIM(r, (r->image_nesting_level == 0 ? "\n" : " ")); break;
-        case MD_TEXT_HTML:      render_verbatim(r, text, size); break;
+        case MD_TEXT_HTML:      /* When inside a Markdown image label, the text falls into
+                                 * the alt="..." attribute opened by render_open_img_span().
+                                 * Raw HTML must be escaped there, exactly like normal text,
+                                 * otherwise it breaks out of the attribute. Compare the
+                                 * image_nesting_level handling in enter_span_callback(). */
+                                if(r->image_nesting_level == 0)
+                                    render_verbatim(r, text, size);
+                                else
+                                    render_html_escaped(r, text, size);
+                                break;
         case MD_TEXT_ENTITY:    render_entity(r, text, size, render_html_escaped); break;
         default:                render_html_escaped(r, text, size); break;
     }
diff --git a/test/regressions.txt b/test/regressions.txt
index 555a04ab..8bf75563 100644
--- a/test/regressions.txt
+++ b/test/regressions.txt
@@ -1026,4 +1026,17 @@ http://example.com>
 .
 <p>&lt;
 http://example.com&gt;</p>
+````````````````````````````````
+
+
+## Raw HTML in an image label must not break out of the alt attribute
+
+The image label is rendered into the `alt="..."` attribute, so any raw
+HTML span in it has to be escaped like normal text instead of being
+emitted verbatim.
+
+```````````````````````````````` example
+![<x title=" y" onerror="alert(1)">](/url)
+.
+<p><img src="/url" alt="&lt;x title=&quot; y&quot; onerror=&quot;alert(1)&quot;&gt;"></p>
 ````````````````````````````````
\ No newline at end of file