Tires have waxes and anitoxidants (AO's) in them to slow down the natural oxidation breakdown of rubber. The waxes form a barrier and the AO absorb what gets through. Anything that dissolves the waxes is going to allow the oxygen to penetrate faster.
Petroleum products should NOT be used on tires. Many tire dressings have such products in them. Remember, if you get a black mark on your hand, it's most likely harmful to the tire. Tung oil is frequently diluted with turpentine or some other solvent so the use of tung oil on tires is a definite NO NO