diff --git a/RELEASE-NOTES.txt b/RELEASE-NOTES.txt
index 2454a6c2cc..41081d855e 100644
--- a/RELEASE-NOTES.txt
+++ b/RELEASE-NOTES.txt
@@ -1,5 +1,8 @@
 Unreleased
 ---
+
+1.120.0
+---
 * [*] Prevent deleting content when backspacing in the first Paragraph block [https://github.com/wordpress-mobile/gutenberg-mobile/pull/6894]
 * [internal] Adds new bridge functionality to set editor content [https://github.com/wordpress-mobile/gutenberg-mobile/pull/6878]
 
diff --git a/gutenberg b/gutenberg
index eaf2d6550b..0c6b86858e 160000
--- a/gutenberg
+++ b/gutenberg
@@ -1 +1 @@
-Subproject commit eaf2d6550b39587dc8945bf2e20fc4290a7139fe
+Subproject commit 0c6b86858e43b3ed386bd57597924ca7ef1c5c43
diff --git a/ios-xcframework/Podfile.lock b/ios-xcframework/Podfile.lock
index 2bff60bebf..bd4f473fe3 100644
--- a/ios-xcframework/Podfile.lock
+++ b/ios-xcframework/Podfile.lock
@@ -1104,7 +1104,7 @@ PODS:
     - React-RCTImage
   - RNSVG (14.0.0):
     - React-Core
-  - RNTAztecView (1.119.1):
+  - RNTAztecView (1.120.0):
     - React-Core
     - WordPress-Aztec-iOS (= 1.19.11)
   - SDWebImage (5.11.1):
@@ -1399,7 +1399,7 @@ SPEC CHECKSUMS:
   RNReanimated: f705119af7f77c961122a09adbfdf3dd38ce6a60
   RNScreens: d07e03170921286b65f07e7b2a3aa8300f61f2ec
   RNSVG: eb0b170443191e4a1af53b9bd17d1f2fbd1ba152
-  RNTAztecView: 268a6489f223c3a91afa2ba5ee7bef82df900c69
+  RNTAztecView: 3a1df2dd827082d22a4dd06b6031e2fefd2885c6
   SDWebImage: a7f831e1a65eb5e285e3fb046a23fcfbf08e696d
   SDWebImageWebPCoder: 908b83b6adda48effe7667cd2b7f78c897e5111d
   SocketRocket: f32cd54efbe0f095c4d7594881e52619cfe80b17
diff --git a/package-lock.json b/package-lock.json
index 8f6396260b..37b23e2cca 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
 	"name": "gutenberg-mobile",
-	"version": "1.119.1",
+	"version": "1.120.0",
 	"lockfileVersion": 2,
 	"requires": true,
 	"packages": {
 		"": {
 			"name": "gutenberg-mobile",
-			"version": "1.119.1",
+			"version": "1.120.0",
 			"hasInstallScript": true,
 			"devDependencies": {
 				"@babel/core": "^7.20.0",
@@ -14,6 +14,7 @@
 				"@react-native-community/cli": "^12.1.1",
 				"@react-native/babel-preset": "0.73.10",
 				"@typescript-eslint/eslint-plugin": "^6.4.1",
+				"@wordpress/babel-plugin-import-jsx-pragma": "file:gutenberg/packages/babel-plugin-import-jsx-pragma",
 				"@wordpress/babel-preset-default": "file:gutenberg/packages/babel-preset-default",
 				"@wordpress/eslint-plugin": "file:gutenberg/packages/eslint-plugin",
 				"appium": "2.0.0",
@@ -63,11 +64,12 @@
 		},
 		"gutenberg/packages/babel-plugin-import-jsx-pragma": {
 			"name": "@wordpress/babel-plugin-import-jsx-pragma",
-			"version": "4.40.0",
+			"version": "4.41.0",
 			"dev": true,
 			"license": "GPL-2.0-or-later",
 			"engines": {
-				"node": ">=14"
+				"node": ">=18.12.0",
+				"npm": ">=8.19.2"
 			},
 			"peerDependencies": {
 				"@babel/core": "^7.12.9"
@@ -75,7 +77,7 @@
 		},
 		"gutenberg/packages/babel-preset-default": {
 			"name": "@wordpress/babel-preset-default",
-			"version": "7.41.0",
+			"version": "7.42.0",
 			"dev": true,
 			"license": "GPL-2.0-or-later",
 			"dependencies": {
@@ -85,7 +87,6 @@
 				"@babel/preset-env": "^7.16.0",
 				"@babel/preset-typescript": "^7.16.0",
 				"@babel/runtime": "^7.16.0",
-				"@wordpress/babel-plugin-import-jsx-pragma": "file:../babel-plugin-import-jsx-pragma",
 				"@wordpress/browserslist-config": "file:../browserslist-config",
 				"@wordpress/warning": "file:../warning",
 				"browserslist": "^4.21.10",
@@ -93,16 +94,18 @@
 				"react": "^18.3.0"
 			},
 			"engines": {
-				"node": ">=14"
+				"node": ">=18.12.0",
+				"npm": ">=8.19.2"
 			}
 		},
 		"gutenberg/packages/browserslist-config": {
 			"name": "@wordpress/browserslist-config",
-			"version": "5.40.0",
+			"version": "5.41.0",
 			"dev": true,
 			"license": "GPL-2.0-or-later",
 			"engines": {
-				"node": ">=14"
+				"node": ">=18.12.0",
+				"npm": ">=8.19.2"
 			}
 		},
 		"gutenberg/packages/element": {
@@ -138,7 +141,7 @@
 		},
 		"gutenberg/packages/eslint-plugin": {
 			"name": "@wordpress/eslint-plugin",
-			"version": "18.0.0",
+			"version": "18.1.0",
 			"dev": true,
 			"license": "GPL-2.0-or-later",
 			"dependencies": {
@@ -161,8 +164,8 @@
 				"requireindex": "^1.2.0"
 			},
 			"engines": {
-				"node": ">=14",
-				"npm": ">=6.14.4"
+				"node": ">=18.12.0",
+				"npm": ">=8.19.2"
 			},
 			"peerDependencies": {
 				"@babel/core": ">=7",
@@ -271,11 +274,12 @@
 		},
 		"gutenberg/packages/prettier-config": {
 			"name": "@wordpress/prettier-config",
-			"version": "3.14.0",
+			"version": "3.15.0",
 			"dev": true,
 			"license": "GPL-2.0-or-later",
 			"engines": {
-				"node": ">=14"
+				"node": ">=18.12.0",
+				"npm": ">=8.19.2"
 			},
 			"peerDependencies": {
 				"prettier": ">=3"
@@ -283,11 +287,12 @@
 		},
 		"gutenberg/packages/warning": {
 			"name": "@wordpress/warning",
-			"version": "2.57.0",
+			"version": "2.58.0",
 			"dev": true,
 			"license": "GPL-2.0-or-later",
 			"engines": {
-				"node": ">=12"
+				"node": ">=18.12.0",
+				"npm": ">=8.19.2"
 			}
 		},
 		"node_modules/@aashutoshrathi/word-wrap": {
@@ -31383,7 +31388,6 @@
 				"@babel/preset-env": "^7.16.0",
 				"@babel/preset-typescript": "^7.16.0",
 				"@babel/runtime": "^7.16.0",
-				"@wordpress/babel-plugin-import-jsx-pragma": "file:../babel-plugin-import-jsx-pragma",
 				"@wordpress/browserslist-config": "file:../browserslist-config",
 				"@wordpress/warning": "file:../warning",
 				"browserslist": "^4.21.10",
diff --git a/package.json b/package.json
index 3c9044de78..ba3bdc46a5 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
 	"name": "gutenberg-mobile",
-	"version": "1.119.1",
+	"version": "1.120.0",
 	"private": true,
 	"config": {
 		"jsfiles": "./*.js src/*.js src/**/*.js src/**/**/*.js",
@@ -17,6 +17,7 @@
 		"@react-native-community/cli": "^12.1.1",
 		"@typescript-eslint/eslint-plugin": "^6.4.1",
 		"@wordpress/babel-preset-default": "file:gutenberg/packages/babel-preset-default",
+		"@wordpress/babel-plugin-import-jsx-pragma": "file:gutenberg/packages/babel-plugin-import-jsx-pragma",
 		"@wordpress/eslint-plugin": "file:gutenberg/packages/eslint-plugin",
 		"appium": "2.0.0",
 		"babel-core": "^7.0.0-bridge.0",