Been there, done that - now it is painted (mostly)
Sorry to tell you, but oiled and clear finishes do NOT seem to stand up long term, at least here in Brisbane. I tried architectural use of Cypress (Callitris) and Western Red Cedar (WRC) with a range of oiled finishes, clear marine varnishes etc. Now they are painted or grey. Otherwise you will need to re-coat annually at best and the surfaces still deteriorate (here in Brisbane anyway).
Having said that, I am persisting with Australian cedar doors and a marine oils system Deks Olje. I am up to five years on now, with one decent light sand and re-coat. the weather may beat me eventually but so far, albeit with darkening evident, the Deks Olje is holding up.
A man that I knew who has a superb Huon Pine boat in South Australia has used a product called Coelan, supposedly a self-healing finish but apparently wickedly expensive. I don't know how that is going but maybe search the web for Ione II - it may be there (I have not checked).
Good luck.