SQL> create or replace view babu_v as select * from dual;

View created.

SQL>
SQL> show user
USER is "SYS"
SQL>
 
SQL> grant insert,delete,update on babu_v to scott;

Grant succeeded.

==

SQL> create or replace view tst_v as select 1 as tic from dual;

View created.

SQL> select * from tst_v;

       TIC
----------
         1

SQL>
SQL> grant insert,update,delete on tst_v to scott;
grant insert,update,delete on tst_v to scott
                              *
ERROR at line 1:
ORA-01720: grant option does not exist for 'SYS.DUAL'