After upgrading to Hugo 0.148.0 hugo hangs

I have found that I can consistently reproduce the bug with a single page on a brand new hugo install using only the quickstart guide.

I created a repo to demonstrate the issue: https://github.com/mimo84/hugo-hangs-demo
Essentially if you remove the image references from the content/posts/dough/index.org file, then hugo will just work fine. In the repository I have included a file content/posts/dough/without-image-refs.org that is exactly the same as index.org but without the image references, which is the version in which hugo doesn't hang.

What version of Hugo are you using (hugo version)?

$ hugo version
hugo v0.148.0+extended+withdeploy darwin/arm64 BuildDate=2025-07-08T13:34:49Z VendorInfo=brew

Does this issue reproduce with the latest release?

Yes