In this work we analyze the behavior of the interfacial tension with the curvature radius of the disperse phase. Following the Young-Laplace deduction of the equation relating the internal pressure with the curvature radius for a fluid confined by a spherical interface, we restate the Tolman approach [J. Chem. Phys. 1949, 108, 333] to obtain an analytical expression relating the interfacial tension with the radius. We have found small differences between our results and those of Tolman for the liquid/gas (droplets) case. However, important differences between liquid/gas (droplets) and gas/liquid (bubbles) dispersions were found. In particular, the decrease in the inter-facial tension of bubbles may be expected to occur for much larger curvature radii than for the case of droplets when the curvature radius decreases. A simple relation between the Tolman's delta parameter and the interfacial width is also discussed. In our calculations we have considered dispersions of droplet of water in methane and bubbles of methane in water at T = 273.15 K.