diff --git a/Cargo.lock b/Cargo.lock
index a04d378963..cd3699762e 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -57,7 +57,7 @@ name = "air-beautifier"
 version = "0.3.1"
 dependencies = [
  "aquavm-air-parser",
- "itertools",
+ "itertools 0.12.0",
  "thiserror",
 ]
 
@@ -153,7 +153,7 @@ dependencies = [
 name = "air-lambda-ast"
 version = "0.1.0"
 dependencies = [
- "itertools",
+ "itertools 0.12.0",
  "non-empty-vec",
  "serde",
 ]
@@ -163,7 +163,7 @@ name = "air-lambda-parser"
 version = "0.1.0"
 dependencies = [
  "air-lambda-ast",
- "itertools",
+ "itertools 0.12.0",
  "lalrpop",
  "lalrpop-util",
  "regex",
@@ -207,7 +207,7 @@ dependencies = [
  "air-test-utils",
  "aquavm-air-parser",
  "fluence-keypair",
- "itertools",
+ "itertools 0.12.0",
  "maplit",
  "nom",
  "nom_locate",
@@ -386,7 +386,7 @@ dependencies = [
  "bs58 0.5.0",
  "clap 4.4.7",
  "fluence-keypair",
- "itertools",
+ "itertools 0.12.0",
  "near-sdk",
  "serde",
  "serde_json",
@@ -407,7 +407,7 @@ dependencies = [
  "codespan",
  "codespan-reporting",
  "criterion 0.4.0",
- "itertools",
+ "itertools 0.12.0",
  "lalrpop",
  "lalrpop-util",
  "multimap 0.9.1",
@@ -1422,7 +1422,7 @@ dependencies = [
  "cranelift-codegen",
  "cranelift-entity",
  "cranelift-frontend",
- "itertools",
+ "itertools 0.10.5",
  "log",
  "smallvec",
  "wasmparser 0.100.0",
@@ -1449,7 +1449,7 @@ dependencies = [
  "clap 2.34.0",
  "criterion-plot 0.4.5",
  "csv",
- "itertools",
+ "itertools 0.10.5",
  "lazy_static",
  "num-traits",
  "oorandom",
@@ -1476,7 +1476,7 @@ dependencies = [
  "ciborium",
  "clap 3.2.25",
  "criterion-plot 0.5.0",
- "itertools",
+ "itertools 0.10.5",
  "lazy_static",
  "num-traits",
  "oorandom",
@@ -1497,7 +1497,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "2673cc8207403546f45f5fd319a974b1e6983ad1a3ee7e6041650013be041876"
 dependencies = [
  "cast",
- "itertools",
+ "itertools 0.10.5",
 ]
 
 [[package]]
@@ -1507,7 +1507,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "6b50826342786a51a89e2da3a28f1c32b06e387201bc2d19791f622c673706b1"
 dependencies = [
  "cast",
- "itertools",
+ "itertools 0.10.5",
 ]
 
 [[package]]
@@ -2713,6 +2713,15 @@ dependencies = [
  "either",
 ]
 
+[[package]]
+name = "itertools"
+version = "0.12.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "25db6b064527c5d482d0423354fcd07a89a2dfe07b67892e62411946db7f07b0"
+dependencies = [
+ "either",
+]
+
 [[package]]
 name = "itoa"
 version = "1.0.9"
@@ -2777,7 +2786,7 @@ dependencies = [
  "diff",
  "ena",
  "is-terminal",
- "itertools",
+ "itertools 0.10.5",
  "lalrpop-util",
  "petgraph",
  "pico-args",
@@ -3022,7 +3031,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "52907d7e7b9487a029dd3d99e647307c8808d7fba327e27113b0807d4868b315"
 dependencies = [
  "anyhow",
- "itertools",
+ "itertools 0.10.5",
  "marine-it-interfaces",
  "marine-module-interface",
  "marine-wasm-backend-traits",
@@ -3104,7 +3113,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "49d8f21255b94f1c8b2731a2b49c2ed34f955ed2e11dae3fb6c580a346d10bdd"
 dependencies = [
  "anyhow",
- "itertools",
+ "itertools 0.10.5",
  "marine-it-interfaces",
  "nom",
  "semver 1.0.18",
@@ -3146,7 +3155,7 @@ dependencies = [
  "bytesize",
  "it-json-serde",
  "it-memory-traits",
- "itertools",
+ "itertools 0.10.5",
  "log",
  "marine-core",
  "marine-module-interface",
@@ -5859,7 +5868,7 @@ dependencies = [
  "it-lilo",
  "it-memory-traits",
  "it-to-bytes",
- "itertools",
+ "itertools 0.10.5",
  "log",
  "nom",
  "safe-transmute",
diff --git a/crates/air-lib/air-parser/Cargo.toml b/crates/air-lib/air-parser/Cargo.toml
index 3f52e97044..c2360f6e94 100644
--- a/crates/air-lib/air-parser/Cargo.toml
+++ b/crates/air-lib/air-parser/Cargo.toml
@@ -31,7 +31,7 @@ multimap = "0.9.1"
 serde = { version = "1.0.190", features = ["rc", "derive"] }
 serde_json = "1.0.108"
 
-itertools = "0.10.5"
+itertools = "0.12.0"
 thiserror = "1.0.50"
 tracing = "0.1.40"
 
diff --git a/crates/air-lib/lambda/ast/Cargo.toml b/crates/air-lib/lambda/ast/Cargo.toml
index 6173a53e22..72f4d51187 100644
--- a/crates/air-lib/lambda/ast/Cargo.toml
+++ b/crates/air-lib/lambda/ast/Cargo.toml
@@ -16,6 +16,6 @@ path = "src/lib.rs"
 
 [dependencies]
 non-empty-vec = { version = "0.2.3", features = ["serde"] }
-itertools = "0.10.5"
+itertools = "0.12.0"
 
 serde = { version = "1.0.190", features = ["rc", "derive"] }
diff --git a/crates/air-lib/lambda/parser/Cargo.toml b/crates/air-lib/lambda/parser/Cargo.toml
index 3817fe9fb6..74eead0232 100644
--- a/crates/air-lib/lambda/parser/Cargo.toml
+++ b/crates/air-lib/lambda/parser/Cargo.toml
@@ -26,5 +26,5 @@ regex = "1.10.2"
 # TODO: hide serde behind a feature
 serde = { version = "1.0.190", features = ["rc", "derive"] }
 
-itertools = "0.10.5"
+itertools = "0.12.0"
 thiserror = "1.0.50"
diff --git a/crates/beautifier/Cargo.toml b/crates/beautifier/Cargo.toml
index 5c02d59be9..b6709e9613 100644
--- a/crates/beautifier/Cargo.toml
+++ b/crates/beautifier/Cargo.toml
@@ -15,5 +15,5 @@ path = "src/lib.rs"
 
 [dependencies]
 aquavm-air-parser = { version = "0.10.0", path = "../air-lib/air-parser" }
-itertools = "0.10.5"
+itertools = "0.12.0"
 thiserror = "1.0.50"
diff --git a/crates/testing-framework/Cargo.toml b/crates/testing-framework/Cargo.toml
index 4861a89c8e..cb363140ae 100644
--- a/crates/testing-framework/Cargo.toml
+++ b/crates/testing-framework/Cargo.toml
@@ -17,7 +17,7 @@ path = "src/lib.rs"
 air-test-utils = { version = "0.12.1", path = "../air-lib/test-utils" }
 aquavm-air-parser = { version = "0.10.0", path = "../air-lib/air-parser" }
 
-itertools = "0.10.5"
+itertools = "0.12.0"
 fluence-keypair = "0.10.1"
 strum = { version="0.24.1", features=["derive"] }
 nom = "7.1.3"
diff --git a/tools/cli/air/Cargo.toml b/tools/cli/air/Cargo.toml
index 0e15cea2eb..bf2cdd1901 100644
--- a/tools/cli/air/Cargo.toml
+++ b/tools/cli/air/Cargo.toml
@@ -19,7 +19,7 @@ air-test-utils = { version = "0.12.1",path = "../../../crates/air-lib/test-utils
 
 anyhow = "1.0.75"
 clap = { version = "4.4.7", features = ["derive", "env"] }
-itertools = "0.10.5"
+itertools = "0.12.0"
 serde = { version = "1.0.190", features = ["derive"] }
 serde_json = "1.0.108"
 tracing = "0.1.40"