As far as I understand, the aperture and shutter blades are not supposed to be oiled/lubricated, but rather be perfectly clean and dry. The issue seems to be that old mineral oil from other parts of the lens/camera simply disintegrates after a few decades and spread out, creating sticky residue togheter with dust on the blades (this is a problem with many older cameras). Cleaning them properly is difficult and simply a spray & pray approach do not work. Basically the whole mechanism must be removed from the camera and cleaned using solvents that do not themselves leave any residue/film on the blades (stuff like lighter fluid, contact cleaners, "clean-before-you-glue" etc might work).
I'm sure it can be done DIY with patience and carefull preparation/planning, but likely not everybodys cup of tea.
/Mac