diff --git a/Cargo.lock b/Cargo.lock
index df310ead72e..f526b1983bd 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -3260,7 +3260,7 @@ dependencies = [
 
 [[package]]
 name = "libp2p-request-response"
-version = "0.26.2"
+version = "0.26.3"
 dependencies = [
  "anyhow",
  "async-std",
diff --git a/Cargo.toml b/Cargo.toml
index 8ef9a500820..18b09e388c8 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -99,7 +99,7 @@ libp2p-pnet = { version = "0.24.0", path = "transports/pnet" }
 libp2p-quic = { version = "0.10.3", path = "transports/quic" }
 libp2p-relay = { version = "0.17.2", path = "protocols/relay" }
 libp2p-rendezvous = { version = "0.14.0", path = "protocols/rendezvous" }
-libp2p-request-response = { version = "0.26.2", path = "protocols/request-response" }
+libp2p-request-response = { version = "0.26.3", path = "protocols/request-response" }
 libp2p-server = { version = "0.12.7", path = "misc/server" }
 libp2p-stream = { version = "0.1.0-alpha.1", path = "protocols/stream" }
 libp2p-swarm = { version = "0.44.2", path = "swarm" }
diff --git a/protocols/request-response/CHANGELOG.md b/protocols/request-response/CHANGELOG.md
index 92417508786..4d2a29ac92c 100644
--- a/protocols/request-response/CHANGELOG.md
+++ b/protocols/request-response/CHANGELOG.md
@@ -1,3 +1,8 @@
+## 0.26.3
+
+- Report dial IO errors to the user.
+  See [PR 5429](https://github.com/libp2p/rust-libp2p/pull/5429).
+
 ## 0.26.2
 
 - Deprecate `Behaviour::add_address` in favor of `Swarm::add_peer_address`.
diff --git a/protocols/request-response/Cargo.toml b/protocols/request-response/Cargo.toml
index 1eb8c1ae95f..d621e477bfb 100644
--- a/protocols/request-response/Cargo.toml
+++ b/protocols/request-response/Cargo.toml
@@ -3,7 +3,7 @@ name = "libp2p-request-response"
 edition = "2021"
 rust-version = { workspace = true }
 description = "Generic Request/Response Protocols"
-version = "0.26.2"
+version = "0.26.3"
 authors = ["Parity Technologies <admin@parity.io>"]
 license = "MIT"
 repository = "https://github.com/libp2p/rust-libp2p"
diff --git a/protocols/request-response/src/handler.rs b/protocols/request-response/src/handler.rs
index 2d45e0d7dc3..96b6217b12a 100644
--- a/protocols/request-response/src/handler.rs
+++ b/protocols/request-response/src/handler.rs
@@ -236,11 +236,10 @@ where
             }
             StreamUpgradeError::Apply(e) => void::unreachable(e),
             StreamUpgradeError::Io(e) => {
-                tracing::debug!(
-                    "outbound stream for request {} failed: {e}, retrying",
-                    message.request_id
-                );
-                self.requested_outbound.push_back(message);
+                self.pending_events.push_back(Event::OutboundStreamFailed {
+                    request_id: message.request_id,
+                    error: e,
+                });
             }
         }
     }