Most one way streets do not apply do bikes, so looking both ways is advisable
I don’t know where you live but where I do all traffic laws apply to bicycles too.

I’ve been to a lot of countries that had exceptions for bikes. But most of the time there is a special sign that allows them to enter a one way street from the other side.

Edit: Looked up one I saw in Germany:

Left sign: „bikes free“

Right sign: „One way street“ and „bike traffic in both directions“

This is exactly what I was talking about