I live just a few hundred meters from the Mediterranean Sea. Prevailing winds are from over the ocean toward my flat, which is in the last row of flats. Open all the way. I have had light fixtures and fans and other devices oxidize in short order. For Multitools, the biggest problem is with files. Just as a relaxing habit, I periodically grab a tool and with a WD40 or equivalent, cotton tip applicators, and light machine oil I clean and oil. Those I take outdoors get gritty in this dusty environ, and is needed they get a warm soapy bath, and a hanging in front of a fan, WD40, a wipe down, and a light oiling.
When I was a kid I used petrolatum or refined sheep lanolin. Then I destroyed a few phosphor bronze washers with petrolatum jellies, and I ruined a few hiking boots, to boot. I do use it on axe heads put up for storage. Though never had any problems with my old-fashioned Victorinox pocket knives with petro jellies.
I am curious about cleaning/oiling rituals and choice of substances across a variety of tools and blades. Especially from those who live by the sea. Or maybe by that Great Salt Lake in Utah! I've camped by the Dead Sea, which is a lot saltier, but just a few days at a time.
Sad but true, many I know who own and use multitools, but for whom they are purely utilitarian, typically have rusted-out files, joint rust, and blades sharpened on electric stone wheels. They seem to pry more than they slice with knives.