Currently we claim to support PHP 7.0.0 and above. https://www.mediawiki.org/wiki/MediaWiki_Language_Extension_Bundle
MediaWiki 1.34 will require PHP 7.2.9 or above.
Our options are either keep it 7.0.0 until MediaWiki 1.35 is released, or already increase it to 7.2.
Keeping 7.0 support will be hard unless we find a way to enforce it via linters and automatic testing with that PHP versions. We should only do it if we can reasonable guarantee that it actually keeps working.
7.2 allows to use some new features, but nothing very significant. We automatically get testing on it and know it will work well.