You would torture a little being with skin more fragile than wet tissue paper with an iv?
What is normally done is that the baby is placed on a pillow so the parents can hold it, it is so fragile, it usually has huge brain damage from the birth, and it is wrapped warmly to be rocked and held until it passes.
I would'a put up at least an oxygen tent with the caution that there may be no positive result but this is something at least.
I'm going to guess the newborns did not die of oxygen starvation but of something else.
The O2 tent would have been good cover for the hospital vs parents.