India, April 6 -- With Strait of Hormuz becoming the point of contention between Iran and the US, UAE official Anwar Gargash said any settlement between the two sides must guarantee access through Hormuz, the key oil artery that is essential for 20% of the world's energy transport.

Gargash warned that a deal that fails to rein in Iran's nuclear programme and its missiles and drones would pave the way for "a more dangerous, more volatile Middle East", Reuters reported. Follow live news on Iran-US war

Gargash, the diplomatic adviser to the UAE president, said Hormuz cannot be weaponised and stressed that its security is not a regional bargaining chip but a global economic imperative.

"The Strait of Hormuz cannot be held hostage by any co...