diff --git a/resources/Dockerfile b/resources/Dockerfile
index c07bb827f..3faa9c119 100644
--- a/resources/Dockerfile
+++ b/resources/Dockerfile
@@ -6,7 +6,7 @@
 FROM ubuntu:20.04 as dev
 
 ARG TARGETARCH
-ARG RUST_TOOLCHAIN="1.67.1"
+ARG RUST_TOOLCHAIN="1.70.0"
 ARG CLH_SRC_DIR="/cloud-hypervisor"
 ARG CLH_BUILD_DIR="$CLH_SRC_DIR/build"
 ARG CARGO_REGISTRY_DIR="$CLH_BUILD_DIR/cargo_registry"
diff --git a/scripts/dev_cli.sh b/scripts/dev_cli.sh
index 6e5ba1a8b..35d6f39ca 100755
--- a/scripts/dev_cli.sh
+++ b/scripts/dev_cli.sh
@@ -7,7 +7,7 @@
 CLI_NAME="Cloud Hypervisor"
 
 CTR_IMAGE_TAG="ghcr.io/cloud-hypervisor/cloud-hypervisor"
-CTR_IMAGE_VERSION="20231012-0"
+CTR_IMAGE_VERSION="20231108-0"
 : "${CTR_IMAGE:=${CTR_IMAGE_TAG}:${CTR_IMAGE_VERSION}}"
 
 DOCKER_RUNTIME="docker"