diff --git a/.env b/.env
index 7e7f1105ef..4a7e37cccc 100644
--- a/.env
+++ b/.env
@@ -6,17 +6,17 @@ IMAGE_NAME=ghcr.io/open-telemetry/demo
 DEMO_VERSION=latest
 
 # Dependent images
-COLLECTOR_CONTRIB_IMAGE=otel/opentelemetry-collector-contrib:0.105.0
+COLLECTOR_CONTRIB_IMAGE=otel/opentelemetry-collector-contrib:0.108.0
 FLAGD_IMAGE=ghcr.io/open-feature/flagd:v0.11.2
-GRAFANA_IMAGE=grafana/grafana:11.1.1
-JAEGERTRACING_IMAGE=jaegertracing/all-in-one:1.59
+GRAFANA_IMAGE=grafana/grafana:11.2.0
+JAEGERTRACING_IMAGE=jaegertracing/all-in-one:1.60
 # must also update version field in ./src/grafana/provisioning/datasources/opensearch.yaml
-OPENSEARCH_IMAGE=opensearchproject/opensearch:2.15.0
-POSTGRES_IMAGE=postgres:16.3
-PROMETHEUS_IMAGE=quay.io/prometheus/prometheus:v2.53.1
-VALKEY_IMAGE=valkey/valkey:7.2-alpine
+OPENSEARCH_IMAGE=opensearchproject/opensearch:2.16.0
+POSTGRES_IMAGE=postgres:16.4
+PROMETHEUS_IMAGE=quay.io/prometheus/prometheus:v2.54.1
+VALKEY_IMAGE=valkey/valkey:8.0-alpine
 # must also update the version arg in ./test/tracetesting/Dockerfile
-TRACETEST_IMAGE=kubeshop/tracetest:v1.4.2
+TRACETEST_IMAGE=kubeshop/tracetest:v1.5.2
 
 # Demo Platform
 ENV_PLATFORM=local
diff --git a/docker-compose.minimal.yml b/docker-compose.minimal.yml
index 90a984c970..f10ad9470a 100644
--- a/docker-compose.minimal.yml
+++ b/docker-compose.minimal.yml
@@ -553,7 +553,6 @@ services:
       - "${OTEL_COLLECTOR_PORT_GRPC}"
     environment:
       - METRICS_STORAGE_TYPE=prometheus
-      - COLLECTOR_OTLP_GRPC_HOST_PORT=${JAEGER_SERVICE_HOST}:${OTEL_COLLECTOR_PORT_GRPC}
     logging: *logging
 
   # Grafana
diff --git a/docker-compose.yml b/docker-compose.yml
index 191620d00b..ab38c239ae 100644
--- a/docker-compose.yml
+++ b/docker-compose.yml
@@ -664,7 +664,6 @@ services:
       - "${OTEL_COLLECTOR_PORT_GRPC}"
     environment:
       - METRICS_STORAGE_TYPE=prometheus
-      - COLLECTOR_OTLP_GRPC_HOST_PORT=${JAEGER_SERVICE_HOST}:${OTEL_COLLECTOR_PORT_GRPC}
     logging: *logging
 
   # Grafana
diff --git a/src/grafana/provisioning/datasources/opensearch.yaml b/src/grafana/provisioning/datasources/opensearch.yaml
index eecab4296e..4d23b5f7b5 100644
--- a/src/grafana/provisioning/datasources/opensearch.yaml
+++ b/src/grafana/provisioning/datasources/opensearch.yaml
@@ -17,4 +17,4 @@ datasources:
       logMessageField: body
       pplEnabled: true
       timeField: observedTimestamp
-      version: 2.15.0
+      version: 2.16.0
diff --git a/test/tracetesting/Dockerfile b/test/tracetesting/Dockerfile
index 1e72096181..388269cd48 100644
--- a/test/tracetesting/Dockerfile
+++ b/test/tracetesting/Dockerfile
@@ -7,7 +7,7 @@ FROM alpine
 WORKDIR /app
 
 # The build-images workflow action does not set a build-arg so we need to specify a default value here
-ARG TRACETEST_IMAGE_VERSION=v1.4.2
+ARG TRACETEST_IMAGE_VERSION=v1.5.2
 
 RUN apk --update add bash jq curl
 RUN curl -L https://raw.githubusercontent.com/kubeshop/tracetest/main/install-cli.sh | bash -s -- $TRACETEST_IMAGE_VERSION