How to dynamically display an image in a screen flow?

I have a visual flow which allows a user to move, consume, and replenish Product Items. At the beginning of the flow, several Product records are queried for the user to choose from. On each of these Product records, there is a field with a direct link to an image of the product.

Once the user has selected a Product record, I would like to dynamically display the image on the next flow screen via the URL field on the Product record

Some things I've already considered:

• The Display Image component only works for static resources, and would not allow me to dynamically choose an image unless I commit to saving ALL product images as static resources.
• I've tried storing the URL from the selected Product into a formula, then using an HTML img tag to display. Unfortunately, when I debug my flow, I see the actual text. It appears the flow is not reading the HTML tag.

Any ideas would be greatly appreciated.