diff --git a/go.mod b/go.mod
index c29479b066..1533b0d21c 100644
--- a/go.mod
+++ b/go.mod
@@ -9,7 +9,7 @@ require (
 	github.com/spf13/cobra v1.8.1
 	go.uber.org/zap v1.27.0
 	k8s.io/client-go v0.30.3
-	sigs.k8s.io/cloud-provider-azure/pkg/azclient v0.4.9
+	sigs.k8s.io/cloud-provider-azure/pkg/azclient v0.4.12
 	sigs.k8s.io/cloud-provider-azure/pkg/azclient/configloader v0.0.20
 )
 
@@ -318,9 +318,9 @@ require (
 	github.com/sirupsen/logrus v1.9.3
 	github.com/spf13/viper v1.19.0
 	github.com/vishvananda/netlink v1.2.1-beta.2.0.20240524165444-4d4ba1473f21
-	go.opentelemetry.io/otel v1.33.0
-	go.opentelemetry.io/otel/metric v1.33.0
-	go.opentelemetry.io/otel/trace v1.33.0
+	go.opentelemetry.io/otel v1.34.0
+	go.opentelemetry.io/otel/metric v1.34.0
+	go.opentelemetry.io/otel/trace v1.34.0
 	go.uber.org/mock v0.5.0
 	golang.org/x/exp v0.0.0-20240719175910-8a7402abbf56
 	google.golang.org/grpc v1.66.2
diff --git a/go.sum b/go.sum
index 732eeae820..89f0583856 100644
--- a/go.sum
+++ b/go.sum
@@ -900,18 +900,18 @@ go.opentelemetry.io/auto/sdk v1.1.0 h1:cH53jehLUN6UFLY71z+NDOiNJqDdPRaXzTel0sJyS
 go.opentelemetry.io/auto/sdk v1.1.0/go.mod h1:3wSPjt5PWp2RhlCcmmOial7AvC4DQqZb7a7wCow3W8A=
 go.opentelemetry.io/contrib/instrumentation/net/http/otelhttp v0.49.0 h1:jq9TW8u3so/bN+JPT166wjOI6/vQPF6Xe7nMNIltagk=
 go.opentelemetry.io/contrib/instrumentation/net/http/otelhttp v0.49.0/go.mod h1:p8pYQP+m5XfbZm9fxtSKAbM6oIllS7s2AfxrChvc7iw=
-go.opentelemetry.io/otel v1.33.0 h1:/FerN9bax5LoK51X/sI0SVYrjSE0/yUL7DpxW4K3FWw=
-go.opentelemetry.io/otel v1.33.0/go.mod h1:SUUkR6csvUQl+yjReHu5uM3EtVV7MBm5FHKRlNx4I8I=
+go.opentelemetry.io/otel v1.34.0 h1:zRLXxLCgL1WyKsPVrgbSdMN4c0FMkDAskSTQP+0hdUY=
+go.opentelemetry.io/otel v1.34.0/go.mod h1:OWFPOQ+h4G8xpyjgqo4SxJYdDQ/qmRH+wivy7zzx9oI=
 go.opentelemetry.io/otel/exporters/otlp/otlptrace v1.19.0 h1:Mne5On7VWdx7omSrSSZvM4Kw7cS7NQkOOmLcgscI51U=
 go.opentelemetry.io/otel/exporters/otlp/otlptrace v1.19.0/go.mod h1:IPtUMKL4O3tH5y+iXVyAXqpAwMuzC1IrxVS81rummfE=
 go.opentelemetry.io/otel/exporters/otlp/otlptrace/otlptracehttp v1.22.0 h1:FyjCyI9jVEfqhUh2MoSkmolPjfh5fp2hnV0b0irxH4Q=
 go.opentelemetry.io/otel/exporters/otlp/otlptrace/otlptracehttp v1.22.0/go.mod h1:hYwym2nDEeZfG/motx0p7L7J1N1vyzIThemQsb4g2qY=
-go.opentelemetry.io/otel/metric v1.33.0 h1:r+JOocAyeRVXD8lZpjdQjzMadVZp2M4WmQ+5WtEnklQ=
-go.opentelemetry.io/otel/metric v1.33.0/go.mod h1:L9+Fyctbp6HFTddIxClbQkjtubW6O9QS3Ann/M82u6M=
+go.opentelemetry.io/otel/metric v1.34.0 h1:+eTR3U0MyfWjRDhmFMxe2SsW64QrZ84AOhvqS7Y+PoQ=
+go.opentelemetry.io/otel/metric v1.34.0/go.mod h1:CEDrp0fy2D0MvkXE+dPV7cMi8tWZwX3dmaIhwPOaqHE=
 go.opentelemetry.io/otel/sdk v1.24.0 h1:YMPPDNymmQN3ZgczicBY3B6sf9n62Dlj9pWD3ucgoDw=
 go.opentelemetry.io/otel/sdk v1.24.0/go.mod h1:KVrIYw6tEubO9E96HQpcmpTKDVn9gdv35HoYiQWGDFg=
-go.opentelemetry.io/otel/trace v1.33.0 h1:cCJuF7LRjUFso9LPnEAHJDB2pqzp+hbO8eu1qqW2d/s=
-go.opentelemetry.io/otel/trace v1.33.0/go.mod h1:uIcdVUZMpTAmz0tI1z04GoVSezK37CbGV4fr1f2nBck=
+go.opentelemetry.io/otel/trace v1.34.0 h1:+ouXS2V8Rd4hp4580a8q23bg0azF2nI8cqLYnC8mh/k=
+go.opentelemetry.io/otel/trace v1.34.0/go.mod h1:Svm7lSjQD7kG7KJ/MUHPVXSDGz2OX4h0M2jHBhmSfRE=
 go.opentelemetry.io/proto/otlp v0.7.0/go.mod h1:PqfVotwruBrMGOCsRd/89rSnXhoiJIqeYNgFYFoEGnI=
 go.opentelemetry.io/proto/otlp v1.0.0 h1:T0TX0tmXU8a3CbNXzEKGeU5mIVOdf0oykP+u2lIVU/I=
 go.opentelemetry.io/proto/otlp v1.0.0/go.mod h1:Sy6pihPLfYHkr3NkUbEhGHFhINUSI/v80hjKIs5JXpM=
@@ -1220,8 +1220,8 @@ k8s.io/utils v0.0.0-20240921022957-49e7df575cb6 h1:MDF6h2H/h4tbzmtIKTuctcwZmY0tY
 k8s.io/utils v0.0.0-20240921022957-49e7df575cb6/go.mod h1:OLgZIPagt7ERELqWJFomSt595RzquPNLL48iOWgYOg0=
 oras.land/oras-go v1.2.5 h1:XpYuAwAb0DfQsunIyMfeET92emK8km3W4yEzZvUbsTo=
 oras.land/oras-go v1.2.5/go.mod h1:PuAwRShRZCsZb7g8Ar3jKKQR/2A/qN+pkYxIOd/FAoo=
-sigs.k8s.io/cloud-provider-azure/pkg/azclient v0.4.9 h1:Crt7bK0CWVWYP75Xe/j81ys/KhBjV7ZP/PxiZmiUp7M=
-sigs.k8s.io/cloud-provider-azure/pkg/azclient v0.4.9/go.mod h1:Q4h31XGg2sNnaJiYTC8xkq2XyUhDIL1MmPwWBB5hm7w=
+sigs.k8s.io/cloud-provider-azure/pkg/azclient v0.4.12 h1:eG7vA3gx3qnpE9Epvb2NBs7jlDVZ98r9qZnZd3RgapM=
+sigs.k8s.io/cloud-provider-azure/pkg/azclient v0.4.12/go.mod h1:Enu6yuhFl7aj28E8mDSpeVoXcpnLwNd4shZKQPrNFhU=
 sigs.k8s.io/cloud-provider-azure/pkg/azclient/configloader v0.0.20 h1:jeEFfNxq9uJqkkxhd6WaWNsKNjKhJBcVuWTSgJoXXHM=
 sigs.k8s.io/cloud-provider-azure/pkg/azclient/configloader v0.0.20/go.mod h1:5evhIg+6KdZLaezvJPN1rMcn/EY+GypQh/7gNZHD97Y=
 sigs.k8s.io/controller-runtime v0.18.5 h1:nTHio/W+Q4aBlQMgbnC5hZb4IjIidyrizMai9P6n4Rk=