Water vapor in an engine is not an issue if the engine comes up to operating temp, as parts like the combustion chamber, valves, piston dome, and it's underside.
This keeps it in a gas, and expelled, either out the exhaust port, or carried out of the crank case by the blow-by flow.
Compression makes the water vapor (humidity) condense in the cylinders, and some is always pushed by the rings by blow-by.
Even in the driest places on earth, like the Serra desert, at 12% humidity, compressing air will actually form water droplets.
When an engine shuts off while hot, the water evaporates quite quickly, due to hot parts, and oil. Oil temps are typically way higher than coolant temp.
Now if you start the engine, shut it off before coming up to temp, there is not enough heat to evaporate the water out, and if done repeatedly, rust will start forming on steel parts.
On a firearm, you can oil up the steel parts, and normal humidity will cause rust, if you are using an oil made for an engine opposed to one meant for a firearm.