diff --git a/requirements.py b/requirements.py
index d98065f62f..0508db4c2d 100644
--- a/requirements.py
+++ b/requirements.py
@@ -41,7 +41,7 @@
                     'psutil==5.9.1',
                     'python-dateutil==2.8.2',
                     'pytz==2022.1',
-                    'PyYAML==6.0',
+                    'PyYAML==6.0.3',
                     'setuptools>=40.0.0,<=70.0.0',
                     # tzlocal 3.0 breaks without the backports.tzinfo package on python < 3.9 https://pypi.org/project/tzlocal/3.0/
                     'tzlocal==2.1',
@@ -65,7 +65,7 @@
                                     'sphinxcontrib-mermaid'],
                   'drivers': ['pymodbus==2.5.3',
                               'bacpypes==0.16.7',
-                              'modbus-tk==1.1.2',
+                              'modbus-tk==1.1.5',
                               'pyserial==3.5'],
                   'influxdb': ['influxdb==5.3.1'],
                   'market': ['numpy==1.23.1', 'transitions==0.8.11'],
@@ -84,7 +84,7 @@
                               'pytest-rerunfailures==10.2',
                               'websocket-client==1.2.2',
                               'deepdiff==5.8.1',
-                              'docker==5.0.3',
+                              'docker==7.1.0',
                               'pytest_asyncio==0.19.0',
                               'pytest_timeout==2.1.0'],
                   'weather': ['Pint==0.19.2'],
@@ -95,6 +95,6 @@
                           'passlib==1.7.4',
                           'argon2-cffi==21.3.0',
                           'Werkzeug==2.2.1',
-                          'treelib==1.6.1'],
+                          'treelib==1.8.0'],
                   'dnp3': ['dnp3-python==0.2.3b3'],
                   'openadr': ['openleadr==0.5.30']}
diff --git a/volttron/platform/config.py b/volttron/platform/config.py
index 3367de4bc0..9cc99d0a18 100644
--- a/volttron/platform/config.py
+++ b/volttron/platform/config.py
@@ -373,8 +373,12 @@ def _take(n):
                 # This argument is positional; skip further processing
                 cli_args.append(arg_string)
                 continue
-            # Some kind of option was encountered, so deal with it
-            action, option_string, explicit_arg = option_tuple
+            # Handle Python 3.12+ compatibility where _parse_optional may return more than 3 values
+            if _sys.version_info.minor >= 12:
+                action, option_string, sep, explicit_arg = option_tuple
+            else:
+            # Fallback for older Python versions
+                action, option_string, explicit_arg = option_tuple
             if explicit_arg is not None:
                 args = [explicit_arg]
             elif action.nargs in [_argparse.REMAINDER, _argparse.PARSER]: