diff --git a/Cargo.lock b/Cargo.lock
index abf9368d3e4..cd30024ca1b 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -129,9 +129,9 @@ dependencies = [
 
 [[package]]
 name = "anyhow"
-version = "1.0.86"
+version = "1.0.98"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "b3d1d046238990b9cf5bcde22a3fb3584ee5cf65fb2765f454ed428c7a0063da"
+checksum = "e16d2d3311acee920a9eb8d33b8cbc1787ce4a264e85f964c2404b969bdcd487"
 
 [[package]]
 name = "arbitrary"
diff --git a/store/postgres/Cargo.toml b/store/postgres/Cargo.toml
index c95b3cb83a4..00bcc5f0e25 100644
--- a/store/postgres/Cargo.toml
+++ b/store/postgres/Cargo.toml
@@ -27,7 +27,7 @@ rand = "0.8.4"
 serde = { workspace = true }
 serde_json = { workspace = true }
 stable-hash_legacy = { git = "https://github.com/graphprotocol/stable-hash", branch = "old", package = "stable-hash" }
-anyhow = "1.0.86"
+anyhow = "1.0.98"
 git-testament = "0.2.6"
 itertools = "0.13.0"
 hex = "0.4.3"
diff --git a/tests/Cargo.toml b/tests/Cargo.toml
index 6f5e317fa8b..42d3aaf7d48 100644
--- a/tests/Cargo.toml
+++ b/tests/Cargo.toml
@@ -26,5 +26,5 @@ tokio = { version = "1.44.2", features = ["rt", "macros", "process"] }
 secp256k1 = { version = "0.21", features = ["recovery"] }
 
 [dev-dependencies]
-anyhow = "1.0.86"
+anyhow = "1.0.98"
 tokio-stream = "0.1"